IT project puts Samas in the red

Office supplies group Samas issued a profit warning on Thursday, saying that a computerisation project was causing more problems than expected and would result in a loss of €11m over the first six months of its current book year.

‘It is a totally irritating delay to implementing our strategy,’ chairman Hans van der Ven told ANP.
The company plans to issue new shares to the value of €35m.

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