Monday, January 5, 2009

Carbon Trading: Camco cuts 2008 outlook (CAMIN.L)

From Reuters:

* Sees 6 mln euros reduction in expected revenue

* Sees related reduction in expected net income

* To achieve maiden pretax profit for 2008

Jan 5 (Reuters) - UK-based carbon offset firm Camco International (CAMIN.L) cut its full-year outlook, partly due to the delay in the sale of a portfolio of carbon credits and deterioration in its consulting business.

The company anticipates a reduction of 6 million euros ($8.36 million) in expected full-year revenue and a related reduction in expected net income.

But Camco, which saw lower-than-anticipated issuance of carbon credits for 2008, said it still expected to achieve an overall maiden pretax profit for the year ended Dec 31, 2008....MORE

Previous Camco posts on CI:

Carbon Trading: Camco Up 52% on the Day (CAO.L)
Carbon Trading: Al Gore’s climate fund ups stake in Camco (CAO.L)
Carbon: Al Gore, No Score Camco International Six-Month Loss Widens - Quick Facts
Al Gore: Score!!! Camco sells 5.8 mln tonnes carbon offsets
Nancy Pelosi, Al Gore and T. Boone Pickens Walk Into a Bar (CLNE)