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Invocas
Over reaction on profit warning
We had thought Invocas with its leading position in the PTD market to be relatively secure from the problems of the IVA sector in England. Unfortunately the key word is “relatively” and its pre-close trading statement issued yesterday morning includes a profit warning. Interim profits will be significantly below last year’s and full year profits are likely to be below market expectations.
Publication Date:
October 10 2008