Business
China business update: recent
China business update: recent.
About this update from Xaar Plc
[{"type":"text","content":"\n RNS Number : 1272V Xaar PLC 23 May 2008 \n \n\n\n\n\n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n23 May 2008\n\n\n\n\n\n\n\n\nXaar plc\n\n\nCHINA BUSINESS UPDATE: RECENT EARTHQUAKE\n\n\n\nXaar plc ('Xaar'), the inkjet printing technology group headquartered in Cambridge, is providing a short update on the likely effect on its business of the recent earthquake in the Sichuan area of China. China is Xaar's largest sales territory.\n\nAs a consequence of the earthquake, Xaar's customers in China (OEM manufacturers of mainly wide/grand format printing machinery) believe that there will be a temporary reduction in activity by end-users within China as a whole. This is expected to result in a short term reduction in sales of Xaar Platform 1 products. While this is expected to affect Xaar's revenues in the first half year to 30 June 2008, profits for the first half year and 2008 as a whole are expected to remain in line with market consensus.\n\n\nEnds\n\n\n\n\n\nCONTACTS\n\n\n\n\n\nXaar plc:\n\n\n01223-423663\n\n\n\n\nIan Dinwoodie, Chief Executive\n\n\nwww.xaar.com\n\n\n\n\nAndrew Taylor, Finance Director \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBankside Consultants:\n\n\n\n\n\n\n\nSteve Liebmann\n\n\n020-7367-8883 / 07802-888159\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTPUUWWAUPRGQP \n ","length":4644,"tagName":"div"}]