Yet again smartFOCUS is going to miss its profit forecast.
The marketing and consumer relationship software company’s management says that the 2007 results will be “slightly below market expectations”. Pre-exceptional costs will still have more than doubled from the £824,000 reported in 2006.
The shortfall on forecast won’t be large but the effect of continued disappointment can be seen by the 0.25p drop in the share price to 10.75p.
Last September house broker Arbuthnot cut its profit forecast for 2007 by £140,000 to £1.85m - against. It is not the first time that this has happened. There tends to be a trend of reductions in the forecast during the year.
Prior to the trading statement Arbuthnot forecast 2008 profits of £3.1m. It will be interesting how close smartFOCUS gets to this forecast.
The 2007 figures will be released at the end of March.
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