PapalPower
- 26 Mar 2008 07:31
- 13 of 14
Interims out.
http://www.investegate.co.uk/Article.aspx?id=200803260700577491Q
Caution in the outlook, still looking for funding for working cap imo, placing coming ? .
"Outlook
ZTC experienced a positive first half year to 31 December 2007. However, the
severe winter conditions in China during the early part of 2008 impacted both
sales and distribution of handsets in the run-up to the important Chinese New
Year holiday. I am pleased to report that, following this disruption, we are now seeing a return to normal trading conditions with sales running at anticipated levels.
We have signed our largest distribution agreement so far and, provided we can
support the increased levels of working capital required, we are confident that
ZTC will continue to be well positioned to take advantage of this growth. While
we remain aware of the risks of increasing competition in local markets, the
continued acceptance of our recent product launches gives the Board optimism for the full year."