StockMarketWire.com - Marketing consultancy Jaywing said its profits in the current financial year were likely to fall amid 'very weak' trading in the first quarter.

The company said it expected its Ebitda for the year through March 2019 to be in line with market expectations.

'However, trading in the first quarter of this financial year has been very weak, it said.

'With the heightened political and economic uncertainty, many clients are focused on the short term and where their spend is discretionary, it is running at a level well below that seen in previous years.'

'So, even at this relatively early stage in the year and with a significant amount (typically 50%) of revenues being recurring, it is unlikely that the current year's profit will match last year's.'


At 1:06pm: [LON:JWNG] Jaywing Plc share price was -2.85p at 9p



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