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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chromogenex | LSE:CGX | London | Ordinary Share | GB00B0B7XX32 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.325 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5420M Chromogenex PLC 25 January 2008 Chromogenex plc (the 'Company') Trading Statement As previously reported on 9 January 2008, the Company announced that it had received record levels of orders in the final quarter of 2007 which resulted in the Company stating that it expected earnings for 2007 to be in line with market expectations. Since that statement, the Company has received notification from the Canadian Health Authority that remedial action is required on the part of the Company and its distributor in order to satisfy the registration requirements for the products being sold in this market. The Company is working with the Canadian Health Authority in taking the appropriate corrective measures and seeking the required licences for the devices. Once these measures are resolved the Directors expect the sales in Canada to recommence. As a result of this, the Directors feel it appropriate to defer any orders so far received from Canada for those products until such remedial action is complete which will have an adverse impact on the expected earnings for 2007. Because of this the Company's results for the year ended 31 December 2007 will be significantly below market expectations and the Directors anticipate reporting a loss for the period. Having taken action to address these issues, and since the deferred sales are expected to still contribute to this financial year once the remedial action has been satisfactorily concluded, the Board remains confident about the year ahead. For further information contact: Chromogenex plc 01554 755444 Allan Branch, CEO HB Corporate 020 7510 8600 Luke Cairns/Rachel Kane Threadneedle Communications 020 7936 9605 Graham Herring/Alex White This information is provided by RNS The company news service from the London Stock Exchange END TSTFKPKQCBKKQDB
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