AIT foresees profits in line with market expectations

AIT foresees profits in line with market expectations

UK-based financial services CRM vendor, AIT Group, expects a satisfactory conclusion to its financial year ended March 2002. Despite the company's stock drifting lower in recent months, AIT has proven a consistent performer in recent years.

In an official trading update statement to the London Stock Exchange, the company reported: 'The management of AIT is pleased to announce that the business has had a satisfactory end to the financial year and is expecting to report both turnover and profits before tax for the financial year ended 31 March 2002 that are in line with current market expectations.'

AIT will report its preliminary results for the year ended 31 March 2002 on 13 June 2002. These figures will be the first to include results from the company's US-based acquisition, IMI.

The company's stock reacted well to the news, at one stage rising over 10%, by 55p to £5.27.

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