![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kada Tech | LSE:KADA | London | Ordinary Share | BMG8310Y1066 | ORD USD0.10 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.505 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKADA
RNS Number : 1080A
Kada Technology Holdings
14 February 2014
Kada Technology Holdings Limited
("Kada" or the "Group")
Trading Update
Kada Technology Holdings Limited (AIM:KADA), the China-based provider of components and devices for the IT industry and consumer electronics, today announces an update to its current trading.
As set out in our interim results, in 2013 the Group has experienced challenges in the Solutions Package business and margin pressure in the Electronic Components business. In addition, working capital has continued to be an issue for the business and the Group has felt the force of an increasingly difficult debt market in China during the final months of 2013 and the beginning of 2014. Each of KADA's major lenders has sought to re-negotiate its lending terms with the Company. This is a similar situation to those being experienced by a number of our competitors. This uncertainty over the Company's future availability of debt has materially affected the Company's results in 2013 and its ability to write new business in 2014.The lack of working capital has in turn affected the Company's ability to roll out new products such as the media kiosk project that it had hoped would be a major source of new revenue and higher margins during 2014.
In the short term the Company continues to focus on cash collection and re-negotiating its debt facilities. This will materially affect the Company's profitability during the first six months of 2014 and potentially beyond. The Board is currently reviewing all strategic options and hopes to update its shareholders in due course.
For further information:
Kada Technology Holdings Limited Paul He Xuebo, Chief Executive Tel: +44 (0) Officer 20 7398 7719 www.kada-ir.com finnCap Limited Geoff Nash / Christopher Raggett Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFVIFDISLIS
1 Year Kada Tech Chart |
1 Month Kada Tech Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions