Brulines (Holdings) PLC
18 April 2007
Press Release 18 April 2007
Brulines (Holdings) plc
('Brulines' or 'the Company')
Pre-Close Update
Brulines (Holdings) plc (AIM:BRU), the leading provider of volume and revenue
protection systems for draught alcoholic drinks in the UK licensed on-trade, is
pleased to announce that trading, in the second half of the financial year, has
been as anticipated at the time of the flotation last October. Consequently the
Company's maiden preliminary results for the year ended 31 March 2007 are
expected to be in line with market expectations.
New installations, system replacements and upgrades progressed successfully,
generating an ongoing year-on-year growth in recurring revenue from support
services. This growth is due to an increase in market penetration as well as a
broadening of the customer base.
Since its Admission to AIM in October 2006, the Company has continued the
commercial development of its new Brand Quality Monitoring product, trials of
which are progressing satisfactorily within both the national tenanted and
managed sectors.
In line with the statement made at the time of the flotation, the Board intends
that its first dividend as a public company will be that of a final dividend in
respect of its maiden preliminary results for the year ended 31 March 2007.
These results will be announced on 19 June 2007.
An analyst briefing given by James Dickson (Chief Executive) and Mark Foster
(Finance Director) will be held at 9.30 am on Tuesday, 19 June 2007 at Abchurch
Communications, 5th Floor, 100 Cannon Street, London, EC4N 6EU.
- Ends -
Enquiries:
Brulines (Holdings) plc
James Dickson, Chief Executive
Mark Foster, Finance Director Tel: +44 (0) 1642 358 800
mark.foster@brulines.com www.brulines.com
Media enquiries:
Abchurch
Helen Waggott / Justin Heath Tel: +44 (0) 113 203 1340
helen.waggott@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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