Trading Statement

Ideal Shopping Direct PLC 21 June 2005 Ideal Shopping Direct Plc 21st June 2005 Ideal Shopping Direct Plc Trading Update Ideal Shopping Direct plc, Britain's leading independent home shopping TV channel, today issued a further trading update. Based on the successful trading period to date, and reflecting the continuing benefit from the further incremental Freeview sales in the first five months of the current year, interim profits for the six months to June 30th 2005 are likely to be not less than £3.5 million, a figure which compares with £0.7 million for last year's first half and a total £4.1 million for the whole of 2004. Although the Board believes that it would be prudent to assume that the pattern of second half trading will increasingly reflect the current difficult retail spending background, it now seems likely that results for the current 2005 financial year will exceed current market estimates. Interim results for the six months to June 30th 2005 will be reported in early September, at which time the Board will give a further update ahead of the peak selling season running up to Christmas. Jim Hodkinson, Chairman, commented: "Ideal Shopping has continued to perform well despite the increasingly difficult trading background for retail spending. This reflects the strength of our proposition and the significant improvements we have made within the business. As the current year progresses, we expect our sales growth to slow but, after this excellent first half, I am confident that we shall report satisfactory results for the year as a whole." Enquiries: Ideal Shopping Direct plc Tel: 0870 078 0702 Jim Hodkinson, Chairman Reputation Inc Tel: 020 7758 2800 Tom Wyatt This information is provided by RNS The company news service from the London Stock Exchange
UK 100