TV programmes producer Boomerang Plus says delays to a number of projects will hot the figures for the year to May 2010.
Some projects did not start on schedule and the benefits from investment in intellectual property are yet to show through.
Profits of £1.4m had been forecast for 2009-10 but they won’t be anywhere near that level.
Long-term revenues, stretching over a number of years, total more than £57m.
At 80p a share, down 14p, Cardiff-based Boomerang is valued at £7.13m.
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