Idox has released a positive AGM statement confirming that current trading remains on track and highlighting significant operational and financial improvements. Separately, it discloses the discovery of a number of historical contract irregularities that overstated FY16 revenue and profits by £4.5-£5.5m. Investigation has concluded that these irregularities will have no impact on current year expectations, but will reduce net assets by c£0.75m once corrected. Hence we make no changes to our exis ....
29 Mar 2019
Trading in line, no negative impact from historical contract irregularities
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Trading in line, no negative impact from historical contract irregularities
Idox plc (IDOX:LON) | 62.8 0.4 1.0% | Mkt Cap: 288.4m
- Published:
29 Mar 2019 -
Author:
N+1 Singer Team -
Pages:
4
Idox has released a positive AGM statement confirming that current trading remains on track and highlighting significant operational and financial improvements. Separately, it discloses the discovery of a number of historical contract irregularities that overstated FY16 revenue and profits by £4.5-£5.5m. Investigation has concluded that these irregularities will have no impact on current year expectations, but will reduce net assets by c£0.75m once corrected. Hence we make no changes to our exis ....