One-off charges to cost Horizon €2 million

Horizon Technology said today that profits for 2005 are in line with current market expectations but added it will take one-off…

Horizon Technology said today that profits for 2005 are in line with current market expectations but added it will take one-off charges of €2 million.

The charges refer to the repayment of a refund that was incorrectly paid to Horizon by a supplier, and the loss of a tenant from one of the company's leasehold properties.

Horizon will release full-year results for 2005 on March 9th.