LONDON (Thomson Financial) - Shares in Pilat Media Global dropped 25 percent
in value, shedding 8-1/2 pence to 25-1/2 as a warning the firm expects lower
than expected growth in its full-year revenues offset news of a swing to
first-quarter profits.
The software company reported a Q1 pretax profit of 9,469 pounds, compared
with a loss of 225,302 pounds at the same stage last year, while revenues rose
to 4.26 million pounds from 3.81 million pounds a year ago.
But the company said it is concerned that economic uncertainty will hit its
sales going forward.
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