Promethean World plunges on profit warning
Shares in Promethean World, the supplier of education technology, dived almost 40 per cent on Friday after revising its revenue prediction for the first half of the year lower after the seasonal trend in the US of high levels of order activity at the end of June failed to materialise at the levels anticipated.
Shares in Promethean World, the supplier of education technology, dived almost 40 per cent on Friday after revising its revenue prediction for the first half of the year lower after the seasonal trend in the US of high levels of order activity at the end of June failed to materialise at the levels anticipated.
Revenues for the first half of the year are therefore now expected to be in the range of £80m-£85m and, with gross margins lower than last year, and it is anticipated that the group will post a high single digit (£m) operating loss for the first half of the year.
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