16 December 2022 - trading update

It is very disappointing to have to report that Carclo has issued a negative trading statement following the news only last week that it had suffered from a contract cancellation.  Following the latter announcement, two of the directors made large share purchases, and so it is a little confusing that just days later the company has warned that profits for the second half of the year will be much lower than previous expectations.  This is clearly a concern.  However, three directors have added to their shareholdings today which should provide some re-assurance to investors . . .

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