Announcements

 

Logicom: Profit Warning for final results 2009 First Published:  30/12/2009 12:56:11 The profit after tax for 2009, co-calculating the anticipated positive impact from the fluctuation of the exchange rate of the US dollar against the euro, will be lower compared to the corresponding results of 2008 mostly due to: - The lower turnover that reflects the impacts from the global economic crisis and the subsequent restriction of the insurable credit limits. - The lower margin of profit as a result of the increased competition from the lower demand, and - The increased administrative expenses that include expenditure for projects, the revenues of which will be realized at a later stage.