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Bad Debt

23 May 2011 10:55

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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Date   Source Headline
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20th Oct 20051:04 pmRNSResult of AGM
20th Oct 200510:35 amRNSAGM Statement
5th Oct 20056:10 pmRNSAnnual Information Update
5th Oct 20056:03 pmRNSBlocklisting Interim Review
5th Oct 200512:01 pmRNSAnnual Report and Accounts
30th Aug 20053:09 pmRNSNotice of Results
15th Aug 200510:30 amRNSCopal Sale Discussions
26th Jul 20051:51 pmRNSHolding(s) in Company
8th Apr 20051:19 pmRNSStatement re MG Rover
17th Feb 200511:09 amRNSDirector Shareholding
20th Jan 20051:01 pmRNSBlocklisting Interim Review
17th Jan 20054:38 pmRNSDisposal of G E Bissell & Co
11th Jan 200512:17 pmRNSHolding(s) in Company

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