Artisan (UK) PLC
5 September 2000
'PRE-TAX PROFITS FOR FIRST FOUR MONTHS OF CURRENT YEAR IN EXCESS OF THOSE FOR
WHOLE OF PREVIOUS YEAR' SAYS CHAIRMAN.
'STRONG GROWTH IN ALL GROUP'S OPERATIONAL AREAS CONTINUES'.
Pre tax profits in the first four months of the current year amounting to
£4.8million already in excess of those for the whole of the previous year, are
reported by Mr Stephen Dean, Chairman of Artisan (UK) plc, the AIM listed
housebuilding, property development, contracting and property refurbishment
group.
Mr Dean told shareholders attending the Annual General Meeting of Artisan (UK)
plc, held today, that strong growth in all areas of the Group's operational
areas is continuing and that 'as planned, the very strong growth established
last year has been continued into the current trading year with the Group's
core activities of property developments, house building, pub refurbishment
and regional contracting all continuing to make solid progress'.
'Unaudited results for the 4 months to 31 July 2000 firmly underlines the
strength of the group's progress. Turnover for the period amounted to
£30million with pre-tax profits of £4.8 million already substantially ahead of
the profit for the whole of last year' said Mr Dean.
'With trading conditions in all its areas of operations set fair to continue,
the Board is confident that the Group will maintain its current rate of
progress during the remainder of the current year, and look forward to a
successful outcome' said Mr Dean.
Commenting on the situation regarding Artisan's interest in enterpriseAsia.com
plc, Mr Dean said 'Artisan currently owns 21.8% of enterpriseAsia.com plc and
has been obliged to convene an extra ordinary general meeting to endeavour to
persuade the EPA Board to reconsider its investment strategy.
'Unfortunately, this has resulted in unpleasant and inaccurate public debate.
Despite this, I remain confident there will be a profitable outcome for
Artisan shareholders,' said Mr Dean.
Enquiries
Artisan (UK) plc 01480 436 666
Stephen Dean, Chairman
Chris Musselle, Finance Director
Seymour Pierce Limited 020 7648 8700
Sarah Wharry
Boswell City Financial PR Ltd. 020-7583 2001
Glenda Boswell Mobile 07768 235 735
Rodney Johnson
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