Blis cuts profit, revenue forecasts for 2017 after customers reduce inventory

Sun, 19 Feb 2017

By Sophie Boot Feb. 20 (BusinessDesk) - Blis Technologies has cut its profit and revenue guidance after a change in customer buying patterns, though still expects to post its first annual profit since listing 16 years ago. The shares fell. The company doesn't expect to meet previous guidance of pre-tax profit exceeding $700,000 for the year ending March 31, with forecast total trading revenue down significantly for February and March, it said in a statement. "The reduction is due to changes in buying patterns by three major customers...

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