Dec 15 2010 08:00 am

Tectia Corporation Expects Negative Net Result for 2010

Helsinki, Finland - Tectia Corporation expects its full year 2010 net sales to remain at the same level or slight growth from last year. Full year 2010 net result is expected to be negative but improve compared to 2009. The lowered sales expectation is mainly due to lengthened customer decisions.

Earlier the company estimated its fiscal year 2010 net sales to grow from 2009 and expected the net result to be positive.

The company continues taking measures to improve its efficiency by increasing sales and marketing activities through certified channel partners. At the same time company will continue to further optimize its operations.