News blog
Datong
- BY: Andrew Hore |
- POSTED: 01/03/2010 |
Surveillance technology developer Datong says export controls are delaying revenues.
This knocked 6p off the share price. At 45.5p a share, Datong is valued at £6.29m.
Datong says one particular order has been a problem. The £800,000 order subject to export licence approval mentioned in the interims has still not been cleared. It is unlikely to receive a permit before the end of March.
Datong says that revenues for the 12 months to March 2010 will be 15% lower than expected and it will make a loss for the period – not the previously forecast £200,000 profit.
The financial year end is being changed to September.
Last month, Datong won a $1.2m tracking and location equipment order in the US. Orders are at record levels.
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