Trading Statement
June 25 2003 - 5:30AM
UK Regulatory
RNS Number:7470M
Farsight PLC
25 June 2003
Trading Update
Farsight plc is pleased to report that its remote video monitoring business is
regularly winning new business, including an increasing usage of the Company's
e-surveillance software. As a result and despite a slower than expected
increase in the Farsight technology business, management is confident that the
business is now approaching a cash neutral position on a monthly basis.
Additional cost savings have largely compensated for the shortfall in turnover
resulting from the downturn in the IT services sector such that management
believes that the Company's result for the year ended 31 May 2003 will be in
line with expectations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAEKSAANDEFE