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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argentex Group Plc | LSE:AGFX | London | Ordinary Share | GB00BJLPH056 | ORD �0.0001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 1.39% | 36.50 | 36.40 | 37.90 | 37.00 | 36.10 | 37.00 | 102,968 | 14:27:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security,commodity Exchanges | 41M | 7M | 0.0618 | 5.91 | 41.32M |
TIDMAGFX
RNS Number : 0122T
Argentex Group PLC
10 November 2023
10 November 2023
Argentex Group plc
("Argentex" or the "Company")
Trading Statement
Argentex Group plc (AIM: AGFX), announces that following a review of its financial forecasts, the Board of Argentex expects to report revenue and operating profit for the year ending 31 December 2023 at approximately the same levels as for the twelve months ended 31 December 2022, which are below current market forecasts.
Jim Ormonde, Interim Chief Executive Officer commented:
"Obviously it is very disappointing that the numbers for this year are likely to show little, if any, improvement on last year and current market conditions remain challenging. However, Argentex continues to be a stable, profitable and cash generative business.
We are in the process of concluding a review of our strategy, which we will communicate to investors in the New Year, and we remain confident that there is a significant market opportunity for us to exploit."
The information contained within this announcement is deemed by the Group to constitute inside
information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information, please contact:
Argentex Group PLC
Nigel Railton - Chairman
Jim Ormonde - Interim Chief Executive Officer
investorrelations@argentex.com
Singer Capital Markets (Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / Justin McKeegan / Angus Campbell
020 7496 3000
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
November 10, 2023 02:00 ET (07:00 GMT)
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