AGM Statement

RNS Number : 7817O

Safeland PLC

23 September 2011

 



Safeland plc

AGM Statement

Safeland plc (the "Company") announces that at its annual general meeting to be held later this morning, Ray Lipman, Chairman of the Company, will make the following statement:-

"I am pleased to report that despite continued difficult trading conditions, the Company expects to report an unaudited profit before tax of approximately £85,000 (2010: loss£1,288,000) for the six months ending 30 September 2011.

The majority of this profit has resulted from sales of properties that the Company has been holding for some time and where the write down in third party valuation proved to be excessive.

The Board wishes to caution that the expected profit to be reported for the 6 months ending 30 September 2011 should not be taken as an indicator that the Company will report profits for the year ending 31 March 2012 as trading conditions referred to above remain challenging."

For further information please contact:

Safeland plc	Tel: [phone]
Larry Lipman Managing Director
www.safeland.co.uk
Arbuthnot Securities	Tel: [phone]
Tom Griffiths

 

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