REDDE18 Feb 2016 17:16
Just for anyone who missed Decembers update sorry for the RAMBLING
Redde Plc Trading Update
UK Regulatory (RNS & others
* News Release *
Issue Date: Thursday 17 December 2015
Redde plc ('Redde' or 'Group')
Trading Update
Current Trading
The Redde Board is pleased to announce that the Group's strong start to the
year that we referred to in our announcements in September and October has
continued through into December with increasing trading volumes. The Board is
also pleased to note that the FMG group has traded well since acquisition with
a good pipeline of new business opportunities. As a result of these factors,
trading profits for the six months to 31 December 2015 are now likely to exceed
our earlier expectations and will be materially ahead of the corresponding
period last year.
Results for the 6 months to 31 December 2015 and Interim Dividend
The Board expects to announce the results for the 6 months to 31 December 2015
at the end of February 2016.
Based upon trading to date the Board would expect to declare an interim
dividend at that time of not less than 4.40 pence per share. This would compare
to an interim dividend of 4.00 pence in respect of the financial year ended 30
June 2015.
Commenting on the announcement, Martin Ward, Chief Executive Officer said:
"The successively strong performances of the Group delivered under our Growth,
Profitability and Sustainability strategy is generating good returns for our
shareholders. The acquisition of FMG, which completed in October 2015, has
enabled us to broaden our reach into new and related markets and diversify our
earnings. The outlook for the remainder of the financial year is positive and
we continue to examine opportunities to augment our sustainable growth plan."