Revenue and earnings fall at Newry-based FD Technologies

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Group revenue was down 3 per cent to £143 million as the group warned of “challenging market conditions” and increased customer caution

FD Technologies, the Newry-based tech firm, has reported weaker sales and earnings for the first half of its financial year due to what it described as “challenging market conditions” and increased “customer caution” from the investment banking sector.

Announcing half year results on Tuesday, the company reported adjusted earnings of £14 million for the six months to August 31, down 12 per cent on the corresponding period last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU

Australia Australia Latest News, Australia Australia Headlines