Deal fall through impacts K3 results

Microsoft Dynamics partner K3 has issued a trading update for the second half, warning that sales will be significantly below market expectations after seeing major deals fall through.

K3 said it had started confidently in H2, but a major new contract failed to materialise and a large customer entered into administration.

The company now expects adjusted operating profit to be around £1.5m for the year, compared to £4.6m last year. And net debt is expected to go up to £2.2m compared to £0.6m last year.


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