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Gold/Mining/Energy : ZENON Environmental

ZEN 77.48

0.0%

Nov 21 4:00 PM EST

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To: Bannick who started this subject	7/27/2000 5:49:53 PM
From: peter dumbrille	Read Replies (1) of 71

Zenon warns of revenue shortfall, second-quarter loss TORONTO, July 27 (Reuters) - Zenon Environmental Inc. (Toronto:ZEN.TO - news) said on Thursday it now expects to report lower revenue and a loss in its second quarter due to weaker sales and longer delivery times for its membrane-based water purification systems. Zenon now expects sales for the quarter ended June 30 to fall between C$15 million and C$17 million, resulting in a loss of 10 to 14 Canadian cents a share. The company said it will report more detailed financial figures on August 18, when it will also provide information on its backlog and growth plans. ``Weaker bookings due to longer sales cycles, combined with extended delivery times on larger orders, have contributed to lower revenues in the second quarter of 2000,'' said Andrew Benedek, the chairman and chief executive. Zenon's shares closed at C$8.45, down 20 Canadian cents, on the Toronto Stock Exchange on Thursday.

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