Trading update

RNS Number : 1558Z

React Group PLC

13 December 2017

 

REACT Group PLC ("REACT" or "the Company")

Trading Update

The Company reports a trading update, further to the trading statement notified on 10 November 2017, now that the audit for the year ended 30 September 2017 is at an advanced stage.  The Board now expects that the pre-tax loss for the year ended 30 September 2017 will be around £0.475 million (versus around £0.4 million as previously expected).

The reason for this changed expectation is primarily due to a non-cash adjustment relating to an amortisation of REACT's client list made on acquisition of c£44k, and c£22k of costs relating to the now closed EPUK business.

Trading in the current financial year starting 1 October 2017 has made an encouraging start. Whilst (unaudited) management accounts for October show a smaller monthly loss, the November figures indicate break-even for the month.

REACT Group plc

Gill Leates - Chairman                                               007799 662642

SPARK Advisory Partners Limited (NOMAD)

Neil Baldwin                                                               0113 370 8974

Mark Brady

Whitman Howard Limited (Broker)

Nick Lovering                                                              0207 659 1224 

 

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