update 1-promethean world profit more than halves; outlook cautious - the interactive whiteboard

* H1 profit before tax 3. 2 mln stg vs 9.
2 mln stg * revenue decreased by 11. 9 pct to 107.
8 mln stg * medium-term dividend 0.
Pct decreased by 24 p in July 28 (Reuters)-
Promethean World's first report fell 65%
Affected by the US education budget cuts, the interactive whiteboard maker has maintained a cautious outlook.
"We expect that our market will still face challenges due to government austerity measures and the resulting public sector budget constraints," the company said in a statement . ".
According to a report released by Goldman Sachs, the United StatesS.
Counties, cities and towns may be forced to cut spending on public schools as their income from property taxes is growing at a slower rate.
As the housing market is fragile and political concerns are growing, local governments may stop raising property taxes, the report said.
However, the biggest competitor is Canada's Promethean World-
Headquartered in the first intelligent technology company
Half the performance is-
Meet expectations. January-
The profit before the tax on June was 3.
2 million ($5. 2 million)
, Contrast 9.
2 million last year.
Revenue fell 12% to 107.
Due to a slowdown in demand for learner response systems, £ 8 million.
More than half of the company's revenue comes from schools in the United States, which cut its interim dividend by 24% to 0. 8 pence.
Promethean World shares, which have fallen 18% this year, closed at 55.
The price on the London Stock Exchange on Wednesday was 75 p. ($1 = 0.
612)