Belgravium Technologies, which supplies mobile data computing solutions and managed services to a variety of industrial sectors, has warned that delayed contract orders - which were expected to be received by now - have been further delayed as a result the group's sales and profit levels for the year are likely to be below market expectation.
The reason for the delays is that customers have proved reluctant to commit to the necessary expenditure, although the company had expected the second half of 2012 to demonstrate normally much stronger period of trading.
In a statement the group said: "On the positive side, the board is mindful that sales order prospects have not been lost, but delayed and that the group cash flow remains positive. Whilst the cost base is being actively reviewed, it is anticipated that dividend payments to shareholders will be maintained at a similar level to last year."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
