Interim Management Statement

RNS Number : 6830Z

Creightons PLC

11 February 2014

 



Creightons plc (the "Company")

Interim Management Statement

Creightons Plc today issues its interim management statement for the period from 1 October 2013 to 7 February 2014 ("the Relevant Period").

The Company's financial position has continued the steady improvement we have been achieving over the last few years. Since the last published balance sheet (30 September 2013) there has been an increase in retained earnings as a result of profits achieved on sales in the third quarter.  

Sales in the third quarter were lower than for the same three months last year due to last year's new product launch programme and stock build by several major customers, whereas this year's sales have been more evenly spread through the year, reflecting the continued levelling of sales spread throughout the year, but remain well ahead of 2012/13 on a cumulative basis.

The Company continues to take measures to minimise exposure to the economic pressures in the manufacturing and retail sectors. 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 2014 are expected to be published by 30 June 2014.

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

Nicholas O'Shea, ACMA

Director

Approved by the board and authorised to be issued to shareholders and the London Stock Exchange at a meeting of the board on 10 February 2014.

 

END

 

 

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