News blog
Twenty
- BY: Andrew Hore |
- POSTED: 04/12/2008 |
Twenty says that its 2008 figures will be worse than expected.
The shares slumped 0.625p to 1.625p a share, which values Twenty at £780,000.
The marketing services and data provider lost £958,000 in the first half but expected a much better performance in the second half. The loss is expected to fall to £865,000 for the full year but recent trading has been disappointing.
It is not clear how this expected loss is affected by the sale of the loss-making direct communications division for £340,000. This may not be classed as a continuing operation and if that is so it would not be included in the pre-tax loss. The business made an operating loss of £230,000 in 2007.
Twenty is cautious about 2009.
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