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TIDE - Crimson Tide News Story

3.15p 0.0  0.0%

Last Trade - 14/08/20

Sector
Technology
Size
Micro Cap
Market Cap £14.4m
Enterprise Value £14.8m
Revenue £2.92m
Position in Universe 1452nd / 1816

BRIEF-Crimson Tide Says Has Entered Into Long-Term Contract For Its mpro5 Solution With Country's Supermarkets

Mon 23rd December, 2019 7:50am
Dec 23 (Reuters) - Crimson Tide PLC  CTID.L :
    * SIGNIFICANT LONG-TERM CONTRACT AND TRADING UPDATE
    * HAS ENTERED INTO LONG-TERM CONTRACT FOR ITS MPRO5 SOLUTION
WITH
COUNTRY'S  SUPERMARKETS
    * CONTRACTED REVENUE IS FOR A MINIMUM OF £2M OVER 60-MONTH
TERM
    * SEES PROFIT BEFORE TAX FOR YEAR TO BE SUBSTANTIALLY AHEAD
OF
2018 AND IN LINE WITH MARKET EXPECTATION
    * TURNOVER FOR 2019 IS EXPECTED TO SHOW AN INCREASE OF
APPROXIMATELY 15% ON PREVIOUS YEAR, LOWER THAN MARKET
EXPECTATION

Source text for Eikon:  ID:nRSW7385Xa 
Further company coverage:  CTID.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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