Information  X 
Enter a valid email address

Alumasc Group Plc (ALU)

  Print          Annual reports

Thursday 21 October, 2004

Alumasc Group Plc

AGM Statement

Alumasc Group PLC
21 October 2004




                THE ALUMASC GROUP PLC - CHAIRMAN'S AGM STATEMENT


At the AGM in London this morning of Alumasc, the high specification engineering
and building products group, the Chairman, John McCall, will state:

"It was reported in our Preliminary Announcement on 8 September 2004 that
Alumasc had acquired two building products companies, Roof-Pro Limited and
Timloc Limited. I would like to repeat my welcome to these two companies on
joining our Group. I am pleased to report that both businesses have performed
well in the first months of their ownership by Alumasc.

I am pleased to say that the opening months of trading in our new financial year
ending 30 June 2005 have also been satisfactory. The increases in energy costs -
to which we have referred in earlier statements - have continued, rising well
above the levels at which our own company has contracted forward for the 12
months commencing 1 October 2004. The wider impact of this trend on economic
activity in general is the subject of much debate. The one certainty is that it
will not be positive.

The uncertainties in external conditions make it doubly important for Alumasc to
continue with the initiatives to control costs and develop markets which have
helped achieve the advances of recent years."

Enquiries:

The Alumasc Group plc                                            01536-383 844
John McCall (Chairman)
Paul Hooper (Chief Executive)

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166




                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t