By Iain Gilbert
Date: Thursday 21 Dec 2017
LONDON (ShareCast) - (ShareCast News) - Concurrent Technologies confirmed on Thursday that full-year trading looked like being "broadly in line" with market expectations.
Concurrent, which specialises in the design and manufacture of high-end embedded computer products for critical applications in the defence, aerospace, telecommunications, transportation, scientific and industrial markets, also expected to continue paying interim dividends to shareholders, with the next to come before 6 April 2018.
In the first half of the year to 30 June the Colchester based company's turnover fell 13% to £7.8m, with gross profit of £4.3m down 12%. Profit before tax felling just £100,000 to £1.4m.
As of 0900 GMT, shares had dropped 2.35% to 83.00p.