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SnackTime

  • BY: Andrew Hore |
  • POSTED: 01/03/2012 |

Vending company SnackTime says second half trading is weaker than expected and profit will be well below expectations in the year to March 2012.

SnackTime has found it difficult to convert orders into firm contracts. Machine sales and coinage revenue will be below expectations.

The integration of the Vendia acquisition is complete and staff numbers have been cut by 136. The benefits of this will show through next year.

There are still £2m of unused bank facilities.

The shares fell 5.5p to 42p, which values SnackTime at £6.87m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf

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