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Supply chain and logistics software provider Kewill Systems has warned that profits for the first half of 2008 will fall below last year's £730,000. Management blamed the shortfall on weak performance in Asia and the US and also warned of further contract delays, but assured investors that it remains on track to meet full-year forecasts.
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Kewill is not the first software company to issue a profit warning on the back of worsening economic conditions and definitely will not be the last. Fairly priced at 63.5p.
Last IC view: Good value, 92p, 16 Jun 2008
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-IC-1.5.4a-prod - 31/10/2008 13:11:34 - carlos.princz
