22 July 2014 – interim management statement
An interim management statement warned that profitability for the first half is likely to be significantly lower than in the six months to 30 September 2013. There have been lower than expected revenues during the first three months, together with higher costs as a Government of Canada contract progressed. The company now expects trading for the full year to deliver an outcome slightly below current market expectations. Nevertheless, we retain our LONG TERM BUY rating.