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  • BY: Andrew Hore |
  • POSTED: 23/04/2012 |

Heavy machine guns supplier Manroy says an 8m heavy machine gun contract still has not been signed so it will not contribute to this financial year.

That means that the revenues for the year to September 2012 are likely to be around 7.5m, against a previous forecast of 11.3m. A profit of 4.2m was previously forecast for the year to September 2012.

At 83.5p a share, down 11.5p, Manroy is valued at 15.2m.

The interims will be published at the end of May.

Last week, Manroy confirmed $10.4m (6.6m) of US orders.

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