Interim Management Statement

RNS Number : 0722K

Creightons PLC

15 August 2012

 



Creightons plc ("the Company")

Interim Management Statement

Creightons Plc today issues its interim management statement for the period 1 April 2012 to 14 August 2012 ("the Relevant Period").

The Company's financial position has deteriorated since  the last published balance sheet (31 March 2012), as a result of the losses incurred during the first four months of this financial year, although this is primarily due to the time of year and is in line with expectation and marginally improved from this time last year.

Sales in the first four months of this financial year (to 31 July) have been higher than for the same period in the previous year as a result of increased demand from the Company's main customers and higher sales into the American markets.

The Company continues to experience serious pricing pressures from suppliers, although the board is striving to mitigate this wherever possible by seeking to maintain margins and reducing non-essential overhead costs. Consequently, the higher sales levels have resulted in a lower loss during the first four months of this year compared with the corresponding period last year.

Neither the financial information on which this statement is based nor this statement itself have been reviewed or reported upon by the Company's auditors.

The Company's AGM is being held at its offices in Peterborough on 29 August 2012.

The Company's interim results for the period 1 April to 30 September 2012 will be issued on or before 30 November 2012.

Investor enquiries should be addressed to the Company Secretary Nick O'Shea, Creightons plc, 1210 Lincoln Road, Peterborough, PE4 6ND, phone [phone].

NDJ O'Shea, ACAM CGMA

Director, Creightons plc

15 August 2012

Approved for publication by the board on 15 August 2012

Nick O'Shea

Director & Company Secretary

Creightons plc

 

END

 

 

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