Interim Management Statement

RNS Number : 3270X

Creightons PLC

14 February 2012

 



Creightons plc (the "Company")

Interim Management Statement

Creightons Plc today issues its interim management statement for the period from 1 October 2011 to 13 February 2012 ("the Relevant Period").

The Company's financial position has continued the gradual improvement we have been achieving over the last few years. Since the last published balance sheet (31 September 2011) this has been due to increased retained earnings as a result of profits achieved on sales in the third quarter.  The level of stocks and debtors has reduced following sell-through of the pre-Christmas stock build and subsequent collection of accounts due.

Although sales in the third quarter were down on the same three months last year due to the declining Christmas seasonality of our business, they remain ahead of 2010/11 on a cumulative basis.

The Company continues to take measures to minimise exposure to the economic downturn. Discretionary spend particularly on marketing and product research remains at a minimum, although the situation is continuously under review in order to best exploit market opportunities.

Neither the financial information on which this statement is based nor this statement itself have been reviewed or reported upon by the Company's auditors.

The Company's final results for the year to 31 March 2012 are expected to be published by 30 June 2012.

Investor enquiries should be addressed to the Company Secretary, Nick O'Shea, Creightons plc, 1210 Lincoln Road, Peterborough, PE4 6ND, phone [phone].

Approved for release to the London Stock Exchange at a meeting of the board of directors on 13 February 2012.

NDJ O'Shea, ACMA

Director

 

END

 

 

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