UK's D4t4 Solutions hits near 3-yr low on profit warning

Celebrus Technologies

03/04/2023 10:19

** Shares of D4t4 Solutions Plc  D4T4.L  plunge as much as
22% to 162p, their lowest since May 2020
    ** The data solutions provider sees annual profit and
revenue below management expectations, hurt by delays in signing
of a project with an existing banking customer and a Celebrus
multi-year contract with a new customer
    ** Sees FY adjusted profit before tax of about 3.5 mln
pounds  ($4.3 mln) vs 3.3 mln pounds year ago; expects revenues
in the region of about 21.5 mln pounds, compared with 24.5 mln
pounds reported year ago
    ** Stock set to post worst day since Nov. 28, 2017, if trend
holds 
    ** Including session's loss, stock down more than 25% YTD
    
($1 = 0.8107 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))