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Horsforth's Datong is banking on second half
Spyware company Datong, which has put itself up for sale following an approach, is looking to the second half year to boost its results, chief executive Mark Cook told the Horsforth-based company’s annual general meeting.
He said: “Despite the continuing uncertainty surrounding the possible sequestration process in the US, Datong’s position within the special forces sector of the defence and security market has supported a solid performance during the first part of the current financial year in line with management expectations.
“However, as previously highlighted in the 2012 annual results statement, the board expects the results to be weighted to the second half, reflecting the current uncertainties within the US market and the expected delivery timescales of a major contract worth £7.5 million to Datong over two years, as announced on 19 December 2012.
“This significant contract demonstrates the customers' on-going confidence in Datong’s ability to deliver market leading solutions.”