Victoria PLC
23 March 2006
Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Thursday, 23 March 2006
IMMEDIATE RELEASE
Victoria P.L.C.
('the Group')
Year End Update
The Board of Victoria P.L.C. wishes to provide the following update prior to the
close period, for the year ending 1 April 2006:
Overall, the Group's operations have been trading in-line with expectations
during the second half of the financial year. It is anticipated that the Group's
results for the year ending 1 April 2006, before the following restructuring
costs, will be in-line with consensus market forecasts.
As part of the on-going review of the business and in particular, the need to
remain efficient and competitive in today's markets, it is proposed that the
Group's dyeing operations in Kidderminster will cease. The cost of closure is
anticipated to be in the region of £175,000 which will be taken as a one-off
restructuring charge in the accounts for the year ending 1 April 2006. This
includes the cost of approximately 18 redundancies and non-cash asset write
downs.
The Group's results for the year ending 1 April 2006 will be announced on 20
June 2006.
Enquiries:
Alan Bullock, Group Managing Fiona Tooley, Director
Director
Mark Lee, Group Finance Director Katie Dale, Senior Account Manager
Victoria P.L.C. Citigate Dewe Rogerson
Telephone: 01562 749 640 Telephone: 0121 455 8370
www.victoria.plc.uk Mobile: 07785 703523 (FMT) or
07770 788 624 (KD)
---------------------
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.