HLB International member firm Vantis is
revising down its expectations for activity levels in its business
The company is experiencing lower activity
than expected activity in the financial year that will end on 30
The UK Alternative Investment Market
(AIM)-listed Vantis now expects a number of further exceptional
charges, mostly relating to asset impairment and predominantly
Vantis still expects to save £5m ($7.5m) per
annum from its ongoing cost reduction programme.
In interim results to the six months to 31
October 2009, Vantis posted a £10.7m loss compared to a £4.6m
profit the previous year.