Berkeley Berry Birch PLC
05 May 2004
For Immediate Release 5 May 2004
Trading Statement
Berkeley Berry Birch plc ('BBB', 'the Company') announces that its trading for
the financial year ended 31 March 2004 has been in line with market
expectations. Based on the unaudited management accounts BBB achieved an
operating profit in both the months of February and March. This was achieved one
month ahead of schedule with each of its divisions showing progress. In line
with managements expectations the gross margin for the last quarter has improved
when compared with the gross margin achieved for the six months ended 30
September 2003. As stated in the Company's interim statement for the six months
ended 30 September 2003, BBB has reduced central costs and the Directors are
pleased that the central costs on an annualised basis (based on the three months
to 31 March 2004) are now running at approximately £20 million per annum.
BBB's key performance measures of gross margin, central costs and operating
profit/loss have all shown improvements in the last quarter of the year ended 31
March 2004 and the cash reserves of the Company were in excess of £10 million at
the year end.
The preliminary results will be announced by 30 June 2004.
For further information please contact:
Berkeley Berry Birch PLC:
Clifford Lockyer 07967 680 565
Craig Butcher 07968 486 750
Grandfield:
Charles Cook 020 7417 4170
Matthew Jervois
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.