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Trading Statement

10 Nov 2010 07:00

RNS Number : 9118V
BATM Advanced Communications Ld
10 November 2010
 



10 November 2010

 

 

BATM Advanced Communications Limited

 

Trading update

 

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory systems, is issuing a trading update for the year ending 31 December 2010.

We expect revenues in the second half of the year to be in the region of $63 million, an increase of 14% over revenues in H1, which would result in full year revenues of circa $119 million, which is in line with the guidance announced at the interim stage as announced in August 2010.

We also expect operating profit (excluding amortization) of circa $6 million for the second half of the year. This represents an increase of 362% over the $1.3 million reported for the first half of the year.

This gives an operating profit guidance of circa $7.3million for the full year figure.

The Company expects to announce preliminary results in February 2011.

 

Enquiries

 

BATM Advanced Communications +972 9866 2525

Dr Zvi Marom, Chief Executive

Ofer Bar Ner, Chief Financial Officer +972 523 750 288

Threadneedle Communications 020 7653 9850

Josh Royston / Graham Herring

Singer Capital Markets Ltd 020 3205 7626 

Shaun Dobson

Shore Capital 020 7408 4090 

Pascal Keane

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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