Trading Update

RNS Number : 2162B

Baydonhill PLC

22 October 2009

 



22 October 2009

Baydonhill plc

("Baydonhill" or the "Company")

Trading update

Baydonhill (AIM: BHL), one of the UK's leading foreign exchange specialists, is pleased to provide the following trading update.

Trading update

The Company is pleased to announce that in September 2009 it achieved breakeven for the month at the EBITDA level. This was achieved through continued revenue growth in the Corporate Division and the restructuring of costs across the business.

Given the promising growth potential of the Corporate Division combined with the relatively stable revenue stream from the Private Client Division, the Company is now better equipped to deliver revenue growth and make significant progress towards achieving consistent levels of profitability.

Baydonhill expects to publish its half-yearly result for the period to 30 September 2009 in December 2009.  

Enquiries: 

Baydonhill Plc Wayne Mitchell/Sarah Collis	Tel: [phone]
Merchant John East Securities Limited Bidhi Bhoma/Simon Clements	Tel: [phone]

 

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