StockMarketWire.com - Business technology company K3 swung to a loss as performance was impacted by weak trading conditions and the expected high-margin licence orders not coming through.

For the 12 months to 30 November 2019, the company reported a pre-tax loss of £14.5m compared with a profit of £17K.

The loss included an impairment charge of £12.2m.

The company said it believes that 'the group has the operational and financial capacity to weather the coronavirus crisis and views prospects positively beyond the current period of uncertainty.'

At 9:45am: [LON:KBT] K3 Business Technology Group PLC share price was -1.5p at 65.5p



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