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IndigoVision Group

  • BY: Andrew Hore |
  • POSTED: 28/04/2015 |

Video security systems developer IndigoVision Group says that it will lose money in the first half of 2015.

The share price fell by more than one-fifth to 263.5p, valuing the company at £19.8m.

Sales have been delayed with Europe the only region where there has been growth. There were large projects won in 2014 but similar projects have not been won in 2015.

The full year figures will be lower than expected even though overheads have been reduced.

At the end of March, New Pistoia Income increased its stake to more than 24%. A 17p a share dividend was paid for the 17 months to the end of 2014. That was more than twice covered by earnings.

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