The bright star of supply chain software, Kewill Systems, has issued a profits warning.
Blaming weakness in the US market, the company said that it was likely to report "a material operating loss" for the six months to 30 September 2002. Shares in the company are currently languishing at around 15p, when in early 2000 they had been over £30.
A company press release said that while there would be an improvement in the second half, it was "unlikely to be sufficiently robust" to offset the losses.
The company designs logistics software for e-commerce operations using off-the-shelf software components. Its customers include Federal Express.
Kewill said it had taken "further actions" on costs in both its US and European e-commerce divisions in response to lower sales. Cash balances by the end of the first half, on September 30, are expected to be more than £18m.
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