News blog
Datong
- BY: Andrew Hore |
- POSTED: 06/10/2011 |
Surveillance technology developer Datong says that it will fall into loss in the year to September 2011following continued disappointing third party sales.
At the beginning of August, three weeks after the departure of its chief executive, Datong revealed that revenues and profits will be much lower than expected and trading has got even worse since then.
Full year revenues will fall from £14.1m last year to £11.7m due to a significant reduction in third party products. The revenues of Datong’s own products are 23% higher. There was still £1.3m in the bank at the end of September 2011.
Progress is being made in finding a new chief executive and there should be news before the end of the month.
At 19.5p a share, down 7p, Datong is valued at £2.7m.
© 2026 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|