K3 Business Technology Group Plc’s FY 19 Operating Profit Likely To Be Around £1.5 Million

  • Oct 22, 2019 BST
  • Team Kalkine
  • K3 Business Technology Group Plc (KBT) has released an update on current trading for the financial year ending 30 November 2019.
  • The company has reported that a major new contract which was in the final process of agreement has now been put on hold by the counterparty and a large customer has entered into administration.
  • The company expects that the Group's adjusted operating profit for the year will be around £1.5 million, while the company's net debt position at the year-end is anticipated to be £2.2 million.
  • On 22nd October 2019, at the time of writing, GMT 08:02 AM, KBT shares were trading at GBX 146.00, down by 65.00 points or 30.81% against the previous day closing price.

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