04 July 2007
CORSIE GROUP PLC
TRADING UPDATE
The Board of Corsie Group plc (the "Company"), the AIM listed specialist in the
assembly and sale of products and services to the leisure market, is pleased to
report continued good progress across all divisions during the six months to 30
June 2007.
Organic growth has been achieved in the period, with turnover and gross profit
ahead of the prior period in all divisions across the Company. Pre-tax profit
is ahead of the same period last year (excluding the exceptional gain of £
1,070,000 highlighted in the period to 30 June 2006) and has been assisted by
the overhead efficiencies achieved following the relocation to Haddington.
The Board continues to work on a number of opportunities to execute its
focussed distribution strategy and to maximise the capacity of the Company's
new facility. The Board looks forward to updating all shareholders with further
progress in due course, and expects to publish its interim results for the six
months to 30 June 2007 on 31 August 2007.
Enquiries:
Corsie Group plc Tel: 01620 828940
Richard Corsie MBE, Chief Executive
www.corsiegroup.com
City Financial Associates Limited Tel: 020 7090 7800
James Caithie
Bishopsgate Communications Ltd Tel: 020 7562 3350
Dominic Barretto
Jenni Herbert
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