Tribal Group PLC
18 October 2007
Tribal Group plc
Trading update
Tribal Group plc ('Tribal' or the 'Group') will announce its results for the
six months ended 30 September 2007 on 21 November 2007. A presentation will be
given to analysts at 9.30 am at the offices of Hoare Govett Limited, 250
Bishopsgate, London EC2. A copy of the presentation will be made available on
Tribal's website. In advance of the announcement of its interim results, the
Group provides the following update:
'The encouraging start to the current financial period announced at Tribal's AGM
on 3 September 2007 has continued and, for the six months ended 30 September
2007, the Group expects revenue and profits to be significantly ahead of the
corresponding period last year and in line with expectations.
Following the sale of Mercury Health in April 2007, our net debt has reduced
considerably and stood at £7m as at 30 September 2007. Both cash flow and
capital expenditure in the period have been in line with budget.
As announced previously, we are currently undertaking a review of the Group's
core competencies, competitive strengths and growth opportunities. We will
provide shareholders with an update with our interim results on 21 November.'
For further information, please contact:
Tribal Group plc Telephone: 020 7323 7110
Peter Martin, Chief Executive
Simon Lawton, Group Finance Director
Maitland Telephone: 020 7379 5151
Colin Browne
Anthony Silverman
Editors' note:
Tribal provides a range of consultancy, support and delivery services to the UK
public sector. The Group's core markets are in education; local government;
housing and regeneration; health and central government. The Group employs
approximately 2,000 staff in the UK. Tribal is quoted on the
London Stock Exchange (TRB.L).
Links: Tribal Group plc website: www.tribalgroup.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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