BPI.L Regulatory News (BPI)

19 Dec 2007 07:01

British Polythene Industries PLC19 December 2007 19 December 2007 British Polythene Industries PLC PRE-CLOSE PERIOD TRADING UPDATE Prior to entering the close period ahead of the preliminary results for the yearto 31 December 2007, British Polythene Industries PLC has issued an update oncurrent trading. We indicated in our Interim Statement on 3 September that trading conditionscontinued to be challenging. While sales of silage stretchwrap are ahead for the second half, it is now clearthat volumes of our other products for this period are unlikely to exceed thosefor the second half of last year. We are experiencing patchy demand across manysectors of our business, and margins are compressed due to attritional increasesin raw material costs. The November results were well below our expectations and December is nowexpected to follow a similar pattern. As a result, the profit for 2007 beforetax and net restructuring costs of £0.6 million is currently expected to be some15% below that for 2006. The preliminary results for the year to 31 December 2007 will be announced on 3March 2008. Enquiries: Cameron McLatchie, Chairman 01475 501000 British Polythene Industries PLC John Langlands Chief Executive 01475 501000 British Polythene Industries PLC Tim Spratt/Nicola Biles 0207 831 3113 Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange