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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Software Circle Plc | LSE:SFT | London | Ordinary Share | GB0009638130 | 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% | 17.00 | 16.00 | 18.00 | 17.00 | 17.00 | 17.00 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Publishing | 12.55M | -1.61M | -0.0041 | -41.46 | 66.31M |
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TIDMSFT
RNS Number : 0923P
Sinosoft Technology plc
09 July 2010
SINOSOFT TECHNOLOGY PLC
("SINOSOFT" OR "THE COMPANY")
Trading Update
The Board of Sinosoft has been informed that the Company recently closed certain
foreign exchange contracts which have, in aggregate, resulted in a net loss to
the Company of approximately $3.8 million. The consequence of this is that the
Company expects to report a loss for the first half of 2010 and that the group's
cash and cash equivalents at 30 June 2010 will be materially below the $14.9
million at 31 December 2009 reported in the Company's audited accounts for the
year ended 31 December 2009.
The exact nature of this trading activity is being investigated as the Board is
of the opinion that it had not authorised this level of exposure to foreign
currency derivatives.
-ends-
For further information, please contact:
For further information please contact:
+---------------------+----------------------+--------------------------------+
| Sinosoft Technology | Mr. Yifa Yu |yuyifa@sinosoft-technology.com |
| plc | | |
+---------------------+----------------------+--------------------------------+
| | | |
+---------------------+----------------------+--------------------------------+
| Westhouse | Tim Metcalfe / | 020 7601 6100 |
| Securities Limited | Richard Baty | |
| | | |
+---------------------+----------------------+--------------------------------+
| Tavistock | Simon Compton | 020 7920 3150 |
| Communications | | |
+---------------------+----------------------+--------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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