Trading Update (4604E)
07 Abril 2011 - 3:00AM
UK Regulatory
TIDMPGC
RNS Number : 4604E
Prologic plc
07 April 2011
Prologic plc
Trading Update
Prologic, a leading IT solutions provider to fashion and
lifestyle clients, announces the following update on trading for
the year ended 31 March 2011.
We continue to see growing interest in our product suite both
from existing customers and new business prospects. However, the
general economic uncertainty has manifested itself in increased
caution on the part of some customers as they evaluate major
capital investments. Consequently, a small number of orders, which
were scheduled to close during the year, are now expected to
complete in the early part of this new financial year. Nonetheless,
Prologic is expected to be broadly breakeven before tax and
exceptional items for the year, with revenues largely unchanged
from the previous year (2010: GBP9.7 million).
Commenting, Tom Fischer, Prologic's CEO, said:
"We have continued to invest in software development, resulting
in significant new releases of our head office and in-store
solutions. We believe that this positions us well for the year
ahead as our current and prospective customers look to take
advantage of these new capabilities."
Enquiries:
Tom Fischer, CEO
David Parry, Finance
Prologic plc Director 01442 876 277
Hugh Field
Arbuthnot Securities Ed Groome 020 7012 2000
Biddicks Zoe Biddick 020 3178 6378
This information is provided by RNS
The company news service from the London Stock Exchange
END
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