Newmark Security warns full year will slide into loss

22nd Sep 2016 15:02

(ShareCast News) - Having only recently issued a profit warning, Newmark Security revealed on Thursday it now expects to report a loss for the full year.In August, the company said profits were being hit after investment in new products, new customer acquisition and new geographies was taking longer to convert pipeline opportunities in to sales."The board today announces that these delays and other operational difficulties persist and despite implementing a number of cost cutting measures, the group now expects results for the current financial year to be materially below market expectations," Newmark said. -- More to follow --