Sign In
Last checked at 
23 May 2011 10:55
ο»Ώ
For release 23 May 2011
Β
THE ALUMASC GROUP PLC - ANNOUNCEMENT
Β
Β
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.
Β
Current estimates are that the impact of the consequential bad debt on group results for the year could be in the range Β£0.3 million to Β£0.5 million, depending on possible recoveries of materials and any payment to creditors from the administrators.
Β
The Board does not consider that this event should affect its recommendation on the group dividend for the year.
Β
Β
Enquiries:
Β
The Alumasc Group plc
Paul Hooper (Group Chief Executive) Tel: 01536 383821
Andrew Magson (Group Finance Director) Tel: 01536 383844
Β
Bankside Consultants
Simon Bloomfield Tel: 0207 367 8861
Β
Follow the stocks
