Robinson PLC
24 November 2006
FOR IMMEDIATE RELEASE 24 November 2006
Robinson plc
Contract Loss
Robinson plc (the 'Company'; stock code: RBN), the custom manufacturer of
paperboard and plastic packaging, announces today that its contract to provide
paperboard containers to Goldenfry Foods Ltd will not be renewed when it
expires at the end of 2006.
Annual revenues are around £3m from this contract. The contract provides a
contribution of circa £0.75m per annum towards the Company's fixed costs.
Jon Marx, Chief Executive, commented:
'It is disappointing that, after such a long relationship with Goldenfry, we
have lost this contract. In a highly competitive pricing environment, however,
winning the business would have resulted in unacceptable margins. We will
continue to pursue other opportunities to offset this loss and we will review
our cost structure to minimise the future impact on profit. The costs of this
reorganisation will be included in the 2006 results which are due to be
announced on 23 March 2007.'
For further information, please contact:
Robinson PLC
Guy Robinson, Finance Director Tel: 01246 220022
www.r1son.co.uk
Bankside Consultants
Sue Scott/Michael Padley Tel: 020 7367 8888
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.