MANROY (AIM:MAN) - Shares get shot down
The UK Governments delay (if in doubt blame the Government!) in the awarding of export licences for certain countries where Manroy had expected to deliver products in the current year means that revenues for the year will be approximately 15% below market forecasts. Delivery on a number of these orders is now expected to be during the 2011/2012 financial year, something that management already communicated at the interim stage.
Thankfully increased margins and tight cost…
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