Pre-tax loss expected to rise in Norcon full year results

The loss before tax for the full year 2012 is expected to be marginally higher than current market expectations for communications network specialist Norcon, an update issued by the company on Friday has disclosed.

The AIM-listed company stated that market expectations had been reduced following the company's trading update on September 17th and its interim report for the six months to June 30th released on September 20th.

On Friday, the company stated that turnover for the financial year was expected to be "in line with current market expectations".

It said it was not expecting to pay a dividend for the financial year ending December 31st.

Norcon's main activity is providing project, vendor performance management and outsourcing services for telecommunications operators.

The company's share price was down 10% to 18p at 08:00 on Friday.

MF