NCON Norcon

TIDMNCON

RNS Number : 4215X

Norcon PLC

08 February 2013

NORCON PLC

Update

Norcon Plc ("Norcon" or "the Company"), the global communications network specialist, provides the following update for its financial year ended 31 December 2012.

Market expectations were reduced following the trading update of 17 September 2012 and the interim report for the six months to 30 June 2012 released on 20 September 2012. The Company now confirms that turnover for the financial year is expected to be in line with current market expectations whilst the loss before tax is expected to be marginally higher than current market expectations. Net cash at 31 December 2012 stood at US$ 4.2m (31 December 2011: US$ 7.1m).

The Board does not currently expect to pay a dividend for the financial year ended 31 December 2012 as the directors intend to prioritise investment in new business lines.

The Board continues to believe in the Company's opportunity to secure profitable and sustainable growth by developing new markets and reducing the historical dependance on one major centre.

The Company expects to announce its final results for the year ended 31 December 2012 on 23 April 2013.

For further information, please contact:

 
 Norcon plc 
 Trond Tostrup                          +47 901 69369 
 
 finnCap 
 Stuart Andrews/Charlotte Stranner    +44 (0) 20 7220 
  (Corporate Finance)                            0500 
 

Stephen Norcross (Corporate Broking)

ABOUT NORCON:

Established in 1957, Norcon (LSE/AIM: NCON) has been a trusted consultant and project manager for more than half a century to governments and some of the world's largest global firms. These organisations rely on Norcon to select, implement and maintain a communication infrastructure that not only matches, but also supports the critical needs of their operations. Norcon's strength lies in its understanding of complex communication networks and their design. www.norconplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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