Datrontech is investigating a "profits shortfall" in its Polish subsidiary.
In a statement to the London Stock Exchange, the UK components distributor said, "The exact nature and quantum of this shortfall in profits have not been ascertained and, potentially, it may have a material effect on Datrontech's results for the year ended 31 December 1998."
Datrontech issued notice of this problem, by way of a statement concerning its recent share price movement. The company said it knew of no reason for the recent price rise.
Datrontech's shares have not been exactly volatile lately. Between January 15 and March 15, its closing price was 25p, opposed to those of the memory market boom in 1995/96, where shares peaked at over 340p. On March 16, Datrontech's closing price leapt one whole penny to 26p. Yesterday, March 17, a trade for 14,385 shares in the company was executed at 28p, almost three hours after the profit warning issued by Datrontech board. Today, Datrontech shares opened down 0.5p to 25.5p.
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