IN BRIEF: Image Scan shares fall amid 'slow' trading and order intake

Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - At the day of its annual general meeting, says trading and order intake in the current financial year running until September 30 ‘has begun slowly.’ The company expects to report an interim loss. For the first half of financial 2024, it had reported a pretax loss of £119,000. However, it believes that market expectations for an on-year increase in profitability remain achievable.

Chief Executive Officer Vince Deery says: ‘While the first half of FY25 is being affected by external delays and a slow order intake, we remain confident in the opportunities available to us and in the outturn for the year as a whole. The H2 pipeline and order book is strong, and we are focused on converting these opportunities into orders and sales. Our strategic plans, including exploration of potential acquisitions, are at the forefront of our ambitions and will position us for operational resilience, competitive strength and sustained growth.’

Image Scan will report half-year results in May.

Current stock price: 2.40 pence each, down 17% on Wednesday afternoon in London

12-month change: up 71%

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