Norcon Plc

10.12.10: Press: Norcon fell 8p to 56.5p following a profits warning due to a delay in two new high margin contracts affecting H2... read more

10.12.10: Press: Norcon fell 8p to 56.5p following a profits warning due to a delay in two new high margin contracts affecting H2 revenues and gross margin. Source - Mail

Norcon PLC said it is in talks about signing more new contracts in target markets like Europe, South East Asia and Africa. The firm, which earlier Tuesday announced a contract with Norway-based telecoms firm Ventelo, is keen to win more business in emerging markets, where there is strong demand for affordable wireless broadband internet access. "We?re having some quite interesting discussions in the regions we?re targeting," Chief Financial Officer Marne Martin told Dow Jones Newswires, although she said she was unable to give any more specific detail. However, she said: 14.09.10 :-4, (67.5) Norcon PLC said it is in talks about signing more new contracts in target markets like Europe, South East Asia and... read more

Norcon PLC said it is in talks about signing more new contracts in target markets like Europe, South East Asia and Africa. The firm, which earlier Tuesday announced a contract with Norway-based telecoms firm Ventelo, is keen to win more business in emerging markets, where there is strong demand for affordable wireless broadband internet access. "We?re having some quite interesting discussions in the regions we?re targeting," Chief Financial Officer Marne Martin told Dow Jones Newswires, although she said she was unable to give any more specific detail. However, she said: 14.09.10 :-4, (67.5) Norcon PLC said it is in talks about signing more new contracts in target markets like Europe, South East Asia and Africa. The firm, which earlier Tuesday announced a contract with Norway-based telecoms firm Ventelo, is keen to win more business in emerging markets, where there is strong demand for affordable wireless broadband internet access. "We?re having some quite interesting discussions in the regions we?re targeting," Chief Financial Officer Marne Martin told Dow Jones Newswires, although she said she was unable to give any more specific detail. However, she said: "We?ve also been doing some work in Africa and we hope to do an expansionary project there. We?re opportunistic and if there?s some interesting projects with a good client then we?d hope to do it."

23.03.10 :-1.5, (77.5) Norcon PLC has entered its financial year with up to 70% of its prospective revenue accounted for and will focus... read more

23.03.10 :-1.5, (77.5) Norcon PLC has entered its financial year with up to 70% of its prospective revenue accounted for and will focus on organic growth over the next few years, Chief Financial Officer, Marne Martin told Dow Jones Newswires. "We expect to have 100% of our prospective revenue lined up as we enter the second quarter," Martin said, adding the company benefits from recurring revenue year-on-year and a solid client base. Martin said the company, which provides management and outsourcing services, doesn?t have any plans on making acquisitions and is set on steady organic growth and paying out dividends. The company earlier posted a 13% rise in pretax profit for the year ended Dec. 31 after higher revenue and lower operation and administration expenses helped to boost the bottom line. Revenue notched $78.2 million, up 16% on year. Norcon ended the period with cash balances of $7.2 million. Its largest clients include the Middle Eastern based Saudi Telecom Company (7010.SA) and Scandinavian company, Telenor ASA (TEL.OS).

23.03.10 :-1.5, (77.5) Norcon PLC has entered its financial year with up to 70% of its prospective revenue accounted for and will focus... read more

23.03.10 :-1.5, (77.5) Norcon PLC has entered its financial year with up to 70% of its prospective revenue accounted for and will focus on organic growth over the next few years, Chief Financial Officer, Marne Martin told Dow Jones Newswires. "We expect to have 100% of our prospective revenue lined up as we enter the second quarter," Martin said, adding the company benefits from recurring revenue year-on-year and a solid client base. Martin said the company, which provides management and outsourcing services, doesn?t have any plans on making acquisitions and is set on steady organic growth and paying out dividends. The company earlier posted a 13% rise in pretax profit for the year ended Dec. 31 after higher revenue and lower operation and administration expenses helped to boost the bottom line. Revenue notched $78.2 million, up 16% on year. Norcon ended the period with cash balances of $7.2 million. Its largest clients include the Middle Eastern based Saudi Telecom Company (7010.SA) and Scandinavian company, Telenor ASA (TEL.OS).