Trading update ahead of AGM

RNS Number : 9461O

Norish PLC

23 May 2018

 

Norish plc ("Norish" or the "Company")

Trading update ahead of AGM

Ahead of its Annual General Meeting at 11am today, Norish provides the following update on its performance.

Ted O'Neill, Chairman:

"2017 was a year of considerable progress for the Company. At the time of the publication of full year results, in March 2018, I said that I anticipated another year of strong profit growth in 2018. I am happy to report that, after four months of trading, this remains the case.

In the first four months of 2018, our Cold Store division (comprising by far the largest percentage of our capital employed) has seen profits increase by 30% compared with the same period last year.

Our Sourcing division is trading in line with expectations and our Dairy division continues to make progress both operationally and strategically. Our Dairy division is very well placed to grow profits and returns in the years ahead."

ENDS

Norish
Aidan Hughes, Finance Director	Telephone: + 44 1293 862 498
Davy (Nominated Adviser)	Telephone: [phone]

Anthony Farrell

Matthew de Vere White

 

END

 

 

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