Glen Group PLC
30 September 2005
Glen Group plc
Trading Statement
The Board of Glen Group plc ('Glen') is pleased to provide the following trading
update for the year ending 30th September 2005, before entering a closed period
and ahead of the preliminary announcement of its results for that year.
Trading
We have made very significant progress over the summer, despite this period
being historically quiet, and the Board anticipates that the second half
unaudited turnover will be materially higher than that of the first half with
the full year turnover not less than £500,000, an increase of approximately 175%
in the second half. The unaudited turnover for the first half was £182,421.
In my half-year statement I indicated that the Board was focused on organic
growth and a new Head of Sales had been appointed in May, as well as a
continuing deployment of new sales people. We recently expanded this team into
the Midlands and now cover a significant area of the northern UK from our base
in Dalkeith, near Edinburgh.
The Board is comfortable that the integrated IT and communications value added
reseller model that we are rolling out to the SME market works well and we look
forward to expanding our sales force, numerically and geographically, so that
they eventually cover the whole of the United Kingdom.
It is expected that our preliminary announcement will be made during December.
30th September 2005
Enquiries:
Glen Group plc Tel: 0845 119 2102
Graham J Duncan, Chief Executive
College Hill Tel: 020 7457 2020
Alex Walters
This information is provided by RNS
The company news service from the London Stock Exchange
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