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Charteris

  • BY: Andrew Hore |
  • POSTED: 02/03/2009 |

Business and IT consultancy Charteris has warned that interim profits will be lower than last year.

Like-for-like revenues will fall by 6% although the initial contribution from recent acquisition SIG Consulting will increase total revenues by 3%. That means that revenues in the six months to January 2009 will be around £11.7m. Pre-exceptional profits will be “considerably lower” than the £664,000 reported last time.

The public sector has been strong but decisions are being delayed by clients. Charteris hopes to at least breakeven in the second half.

Charteris still has around £1.5m in the bank. Shares in the company fell 2.75p to 7p each, which values Charteris at £3.02m.

The interim figures will be released in mid-April 2009.

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