AEA Technology's share price tumbled from 1.98p yesterday to just 0.40p on Wednesday morning after a profit warning and the departure of its chief executive officer (CEO) spooked investors.
The energy and environmental company admitted that adjusted operating profits for the year ended 31 March 2012 will be "significantly lower" than expectations. Despite an in-line first half performance, the second half has been hit by a "reduced forecast outturn" in its Washington-based business PPC.
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