Axis Shield reports 2008 trading in line

Wed Jan 7, 2009 7:26am GMT
 
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LONDON (Reuters) - Diagnostics company Axis Shield (ASD.L) reported full year trading in line with management expectations on Tuesday.

In a trading update, the company said it would book revenues up 26 percent for the year, or 14 percent on a constant currency basis.

It also predicted strong growth going forward because of its broad trading base.

However it said it would book about a 1.7 million pounds charge because of the strength of the Euro.

(Reporting by Ben Deighton; Editing by Matt Scuffham)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
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