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Dods' FY results 'adversely impacted' by Brexit and General Election
22nd Jan 2020 09:17
(Sharecast News) - Data technology firm Dods told investors on Wednesday that adjusted underlying earnings for the twelve months ending 31 March looked set to be at least £2.8m.
However, Dods said the uncertain political and economic environment during 2019 and the General Election in December had adversely impacted its publishing, events and training businesses.
"The continued focus on Brexit and inactivity of new government policy decisions has resulted in a slow start in the fourth quarter and is likely to persist for the remainder of the financial year," cautioned Dods.
The AIM-listed group did highlight that its business intelligence services and Merit operations were "performing well" and in line with management expectations.
As of 0915 GMT, Dods shares were down 5.26% at 4.50p.
However, Dods said the uncertain political and economic environment during 2019 and the General Election in December had adversely impacted its publishing, events and training businesses.
"The continued focus on Brexit and inactivity of new government policy decisions has resulted in a slow start in the fourth quarter and is likely to persist for the remainder of the financial year," cautioned Dods.
The AIM-listed group did highlight that its business intelligence services and Merit operations were "performing well" and in line with management expectations.
As of 0915 GMT, Dods shares were down 5.26% at 4.50p.