News

Wogen says conditions may hit year results

24 October 2008 07:12:00

Metals trader Wogen said the recent troubles in the global economy may impact its results for the year but added that it continues to trade profitably for the second half.

"The recent uncertainties in the global economy have had an impact on the markets in which the company trades and may consequently have an effect on our reported results for the year," said the group.

The group said initial indications are that the trading result for the year will be in line with the results for the previous year.

Allan Kerr, CEO, said: "Wogen has entered this current period with a strong balance sheet, stable funding and is well positioned to continue its long history of successful trading."

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.