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Alumasc Group Plc (ALU)

  Print          Annual reports

Monday 23 May, 2011

Alumasc Group Plc

Bad Debt

RNS Number : 0874H
Alumasc Group PLC
23 May 2011
 



For release 23 May 2011

 

THE ALUMASC GROUP PLC - ANNOUNCEMENT

 

 

Subsequent to the release of its Interim Management Statement last week, The Alumasc Group plc (ALU:L) was informed that a customer of the group's Façades business has unexpectedly been taken into administration by its bankers.

 

Current estimates are that the impact of the consequential bad debt on group results for the year could be in the range £0.3 million to £0.5 million, depending on possible recoveries of materials and any payment to creditors from the administrators.

 

The Board does not consider that this event should affect its recommendation on the group dividend for the year.

 

 

Enquiries:

 

The Alumasc Group plc

Paul Hooper (Group Chief Executive)                                       Tel:  01536 383821

Andrew Magson (Group Finance Director)                               Tel:  01536 383844

 

Bankside Consultants

Simon Bloomfield                                                                     Tel: 0207 367 8861

 


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