Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUVEL.L Regulatory News (UVEL)

  • There is currently no data for UVEL

Trading Update

31 May 2016 12:39

RNS Number : 7515Z
UniVision Engineering Ltd
31 May 2016
 

31 May 2016

UniVision Engineering Limited

("UniVision", the "Company" or the "Group"))

Trading update

UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems sets out the current performance of its Taiwanese subsidiary below.

UniVision currently own a 52.25% interest in T-Com Technology Co. Ltd (T-Com), its Taiwanese subsidiary. Per the announcement dated on 3 December 2015, T-Com recorded an operating loss for the six months ended 30 September 2015. As the operations and trading results have continued to deteriorate in the second half year (i.e. October 2015 to March 2016), T-Com recorded a substantial operating loss TWD25.5m (approx. HKD6.2m) for the financial year ended 31 March 2016. It was mainly as a result of 52 per cent decrease in construction revenue, significant decrease in gross profit ratio and one-off liquidated damages TWD4.8m (approx. HKD1.2m) paid to a local customer.

 

The Board anticipates that the results of T-Com will adversely affect the Group's profit attributable to shareholders for the financial year ended 31 March 2016.

 

Financial information and other details of the Group will be disclosed in the announcement of Annual Results of the Group for the financial year ended 31 March 2016 which are expected to be released in August 2016.

 

For further information visit www.uvel.com or contact:

 

UniVision Engineering Limited Tel: +852 2389 3256

Stephen Koo, Chairman www.uvel.com

Chun Pan Wong, Chief Executive Officer

Danny Kwok Fai Yip, Finance Director

Nicholas Lyth, Non-Executive Director +44 (0) 7769 906686

 

ZAI Corporate Finance Limited

(Nominated Adviser and Broker) Tel: +44 (0)20 7060 2220

Dugald J. Carlean /Tim Cofman/Songdi Lin www.zaicf.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUAOARNBAVOAR
Date   Source Headline
6th Jul 20127:00 amRNSChange of Adviser
25th Jun 20127:00 amRNSSale of interest in Zhongshan Project
14th Jun 201212:00 pmRNSProposed quotation on the US OTC Bulletin Board
27th Apr 20125:45 pmRNSDirector/PDMR Shareholding
4th Apr 20127:00 amRNSDirector/PDMR Shareholding
5th Mar 20124:20 pmRNSDirector/PDMR Shareholding
1st Mar 20125:49 pmRNSDirector Dealing and Transaction in Own Shares
28th Feb 20122:42 pmRNSDirector/PDMR Shareholding
24th Feb 201212:20 pmRNSTransaction in Own Shares
9th Feb 20122:20 pmRNSDirector/PDMR Shareholding
16th Jan 20127:00 amRNSExtension of Loan with Mayne Management
29th Dec 20117:00 amRNSHalf Yearly Report
23rd Dec 20111:25 pmRNSWaive of interest on Mayne Loan facility
16th Dec 201112:40 pmRNSVariation of loan terms with Mayne Management Ltd.
5th Dec 20117:00 amRNSRenewal of Contract with Mass Transit Railway
2nd Dec 20119:35 amRNSDirectorate Change
31st Oct 20117:00 amRNSResult of AGM
19th Oct 20117:00 amRNSAppointment of Non-Executive Director
5th Oct 20117:00 amRNSNew CCTV Recording Contract with MTR
29th Sep 20117:00 amRNSFinal Results
11th Jul 20117:00 amRNSDirector Dealings
17th Feb 20117:00 amRNSVariation of Loan Terms
30th Dec 20107:00 amRNSHalf Yearly Report
10th Dec 20103:10 pmRNSFurther Update on Litigation
12th Oct 20101:00 pmRNSUpdate on Litigation
5th Oct 201011:50 amRNSResult of AGM
21st Sep 20101:00 pmRNSNotice of AGM
9th Sep 20105:41 pmRNSFinal Results
11th Aug 201011:45 amRNSAppointment of Joint Broker
16th Jul 20108:20 amRNSTrading update & litigation
21st Jun 201011:15 amRNSUpdate on Zhongshan shopping mall project
3rd Feb 20102:33 pmRNSVariation of Loan Terms
23rd Dec 200911:15 amRNSHalf Yearly Report
10th Dec 200910:08 amRNSUpdate on Zhonshan Shopping Mall Project
29th Oct 200912:50 pmRNSResult of AGM
30th Sep 20093:08 pmRNSFinal Results
25th Sep 20094:28 pmRNSTrading Statement
14th Aug 20097:00 amRNSChange of Name of Nominated Adviser and Broker
23rd Apr 200910:26 amRNSContract Win
6th Apr 20097:01 amRNSChange of Adviser
4th Mar 20091:12 pmRNSDirectorate Change
4th Feb 20097:00 amRNSVariation of Loan Terms
29th Dec 20087:00 amRNSInterim Results
31st Oct 200811:25 amRNSResult of AGM
27th Oct 20082:59 pmRNSDirector/PDMR Shareholding
22nd Oct 20087:00 amRNSContract Win
30th Sep 20084:09 pmRNSFinal Results
11th Feb 20087:00 amRNSCEPA Certification
4th Feb 20087:00 amRNSContract Win
8th Jan 20087:00 amRNSContract Win & Loan Facility

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.