Thame, UK-based CRC, which specializes in repairing computing devices, mobile phones, and set-top boxes, described current trading as particularly disappointing and said a fall in sales would inevitably result in the company reporting before-tax losses in both the first half and the full year.
CRC also gave details of a number of one-off costs incurred during the year so far, including 600,000 pounds ($1.1m) resulting from the closure of a site in Italy, and 200,000 pounds ($350,000) associated with cuts in the executive team. The company also said that a non-cash amount of 600,000 pounds ($1.1m) would be reported as an exceptional cost after an accounting error was discovered in its 2005 results.
Last October CRC’s shares plunged 40% in one day after the company issued a profit warning for full-year 2005.
