Cropper(James) PLC
24 May 2007
Issued by Citigate Dewe Rogerson Ltd, Birmingham
Date: Thursday, 24 May 2007
IMMEDIATE RELEASE
James Cropper PLC
Trading Update
STATEMENT BY THE CHAIRMAN, J A CROPPER
On 1 February 2007 we provided the market with an update on trading. At that
time I indicated that the Group's overall results for the year prior to IFRS
pension adjustments would exceed market forecast.
I am pleased to report that since then our Technical Fibre Products and James
Cropper Speciality Papers businesses continued to trade strongly in the fourth
quarter. In addition, the full year IFRS pension adjustment charge relating to
the Group's defined benefit pension schemes is considerably less than was
anticipated.
Therefore, although audit clearance is yet to be given, it should be anticipated
that barring any unforeseen circumstances, the Group Profit before Tax for the
year to 31 March 2007 will not be less than £1.9 million. In view of the Group's
recovery the Board anticipates that the final dividend for the year will
increase significantly over that for the previous year.
The Group's Preliminary Results for the year to 31 March 2007 will be announced
on Tuesday 19 June 2007.
Enquiries:
Alun Lewis, Chief Executive
John Denman, Group Finance Director Fiona Tooley Ifor Williams, Director
James Cropper PLC Citigate Dewe Rogerson Brewin Dolphin Securities Limited
Telephone: 01539 722002 Telephone: 0121 455 8370 Telephone: 0121 236 7000
www.cropper.com Mobile: 07785 703523 Mobile: 07721 002520
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.