Vislink says trading in line with board's FY expectations
Shares in Vislink are up almost 8% as it confirmed it was trading in line with directors' expectations for the FY.
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The global software and technology business anticipated Q4 would mirror the usual trading seasonailty uplift.
For the nine months to 30 September, the group's total adjusted operating loss was £4.2m, from a year-earlier profit of £1.2m.
"Following the exceptional write-down of assets at the half year, and in light of the level of the anticipated sale consideration of VCS, as announced on 16 December 2016, there was a further exceptional balance sheet write-off of £5.3m recorded in the period," Vislink said.
"This brought the overall carrying value of the Vislink Communication Systems (VCS) division down to a supportable level at that time," the company added in a statement.
Vislink also said the disposal of VCS remained conditional on approval by shareholders.
At about 11:23 GMT, shares in Vislink were up 7.55% to 14.25p.