AGM Statement

Thorpe(F.W.) PLC
09 November 2006




AGM Statement



At the Company's AGM, which is be to held this afternoon at 3:15 pm, the
Chairman will be making the following statement:



'Ladies and Gentlemen,

Trading during the 2005/2006 financial year showed a small percentage increase
in total output but with a marked higher profit margin. This profit was higher
than one might have historically expected from the moderately improved turnover
and was achieved by the increased efficiency of extra volume as well as greater
efficiencies in the various activities of the company.



In regard to the current financial year we expect trading to be on a similar
pattern and we are hoping for a similar improvement in turnover. In regard to
the profit, any further improvement in profit to sales ratio will depend partly
on the higher turnover but also whether we can achieve a further increase in
efficiency and at the same time hold off or negate the damaging effect of price
rises which are frequent at the moment. We will, as usual, do our best in the
various circumstances.'






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