IndigoVision shares slump on profit warning
Summary
Shares in video security specialist IndigoVision have slumped after the company issued a profit warning. The Edinburgh-based group said it expected to report a full-year operating loss, after experiencing "difficult" trading conditions in the Middle East. IndigoVision produces IP video security systems for end-users such as airports, ports, casinos, police, prisons and governments around the world. In a stock market announcement, the company said: "There are several important trading weeks before the end of the groups financial year on 31 December, but it is now clear that managements expectations will not be achieved and that a full-year operating loss will be reported. Pedro Simoes, the companys senior vice president of global sales, has been appointed as interim chief executive.
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