ADA adacel technologies limited
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News: ADA Adacel Technologies Sees FY19 Profit Before Tax For FY To Be 25-35% Below FY18

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    08/11/18
    19:05
    Post #: 36438451

    Nov 8 (Reuters) - Adacel Technologies Ltd (ADA) :

    • SEES FY2019 PROFIT BEFORE TAX FOR FULL YEAR ANTICIPATED TO BE 25-35% BELOW FY2018
    • ANTICIPATES THAT PROFIT BEFORE TAX FOR H1 2019 WILL BE ABOUT 65-70% LOWER THAN PRIOR CORRESPONDING PERIOD
    • REDUCED FY FORECAST INCLUDES ADDITIONAL INVESTMENT IN RESEARCH AND DEVELOPMENT, SALES AND MARKETING CAPABILITIES, FOREIGN EXCHANGE MOVEMENTS
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