Trading Update

RNS Number : 0344P

Dewhurst PLC

14 November 2016

 

Dewhurst PLC

(the "Company")

Trading Update

Dewhurst plc, an independent supplier of quality components to the lift, keypad and transport industries, is pleased to provide a trading update for the financial year ended 30 September 2016 ("FY16").

The recovery reported by the Company on 30 August 2016 continued through the fourth quarter of FY16 and whilst seasonal effects mean the Company's second half is traditionally stronger than the first half, the effect in FY16 has been greater than usual.

A significant proportion of Dewhurst's sales and earnings are generated in foreign currencies and the depreciation of pound sterling during FY16 has continued to benefit Dewhurst's reported sales and profits.  Accordingly, the Board currently expect Group revenues for FY16 to exceed £47.0 million with a positive impact on profits compared with current market expectations.

The Company expects to announce its preliminary results for FY16 by mid-December 2016.

- Ends -

For further details please contact:

Dewhurst Plc Richard Dewhurst, Chairman Jared Sinclair, Finance Director Tel: [phone] Cantor Fitzgerald Europe David Foreman / Will Goode (Corporate Finance) David Banks (Sales) Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain. 

 

END

 

 

TSTBUBDBIXBBGLX