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19 December, 2006 - 12:27 By Staff Reporter

Plasmon announces first half trading to be below expectations

Melbourn-based data storage specialist, Plasmon, has announced first half trading would be below expectations as overall revenues had declined seven per cent to £18.6m from £20m for the same period last year.The firm said that though its UDO systems sales had increased by 35 per cent, they weren’t enough to compensate for the expected decline in its legacy products and that it was working to restructure the group to significantly reduce costs and improve future financial performance.

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