office2office said on Tuesday revenue in the contract office supplies business has declined.
Ahead of the company's annual statement in March, the group revealed that it has had to contend with a tough market since its November interim management statement.
The group is expected to report an underlying profit before income tax in the range of £6.3 and £6.7m for the year ended December 31st.
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
Revenue exceeded that for the same period in 2011, reflecting the growth of its Truline and Business Critical Services activities.
However, the provider of office supplies and business solutions said it "has not been able to compensate for the difficult trading in the contract office supplies market".
The company anticipates a slightly higher level of borrowings than the previous year.
Shares droped 4.86% to 117.50p at 15:53 Tuesday.
RD
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
