LONDON (ShareCast) - (Sharecast News) - Foreign exchange service Argentex Group warned on Friday that full-year revenue and operating profits would be broadly flat year-on-year and below current market forecasts.
Argentex said it was "very disappointing" that its full-year numbers were likely to "show little, if any, improvement" on a year-on-year basis.

The AIM-listed group noted that although current market conditions "remain challenging", it said it continues to be a "stable, profitable and cash generative business".

Interim chief executive Jim Ormonde said: "We are in the process of concluding a review of our strategy, which we will communicate to investors in the New Year, and we remain confident that there is a significant market opportunity for us to exploit."

As of 1020 GMT, Argentex shares were up 5.24% at 62.30p.







Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE