IMS7 Oct 2009 09:39
TIDMPCF
RNS Number : 3696A
Private & Commercial Fin Group Plc
07 October 2009
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PCF.L / Index: AIM / Sector: Speciality & other finance
7 October 2009
Private & Commercial Finance Group plc ('PCFG' or 'the Group')
Trading Statement
The Directors of PCFG, the AIM quoted finance house, are pleased to provide an
update on trading following the end of the half year on 30 September 2009.
The Group's results for the six months ended 30 September 2009, which will be
released on 15 December 2009, are anticipated to be in line with market
expectations.
CEO Scott Maybury said, "Our Group continues to demonstrate its considerable
robustness in the financial services arena. With a strengthened balance sheet
following the recently announced placing of new shares and redemption of the
2009 Convertible Loan Stock, we are well positioned for challenging economic
conditions that we may encounter in 2010. We continue to benefit from reduced
competition in our chosen sectors, which is enabling us to write good quality
business on attractive terms and to support our customers and introductory
sources."
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