http://www.moneyam.com/action/news/showArticle?id=1029256

LONDON (AFX) - Surveillance company Croma Group PLC has reiterated that trading in the first three months of the year has been 'robust'.

Turnover in the first quarter of the current financial year, which the group says is traditionally the quietest, is 191.1 pct higher like-for-like.

The company made the statement today in response to a drop in its share price.

On Thursday, Croma warned that full year results will come in below management expectations due to contract delays.

Pretax losses are expected to be around 600,000 stg for the year, it said.

Croma also said today that operating losses in the first quarter have been cut by 96.8 pct from 220,000 stg to 7,000. Meanwhile, EBITDA loss has been cut by 93 pct.

'Total sales for the first quarter stand in excess of 1 mln stg with live quotations for the group's two subsidiaries, Croma Defence Systems Ltd and R&D Design Services Ltd, as at Sept 30 2005, at 643,000 stg and 1.394 mln stg respectively,' the company said.

bam




50% up on monday ??? looks posible

can some one tell why cmg is not on the up? they've got to be cheap at this price