BPI.L Regulatory News (BPI)

20 Dec 2006 07:00

British Polythene Industries PLC20 December 2006 PRE-CLOSE PERIOD TRADING UPDATE 20 December 2006 Prior to entering the close period ahead of the preliminary results for the yearto 31 December 2006, to be announced on 5 March 2007, British PolytheneIndustries PLC has issued an updated on current trading. We indicated in our Interim Statement on 4 September that trading conditionscontinued to be very challenging. We expect that our volumes for the second half will be lower than in 2005.Margins were squeezed by increases in raw material costs in late summer andearly autumn, but this trend has reversed in recent months with a reduction inthese costs and margins have recovered to acceptable levels. As a result, we can confirm that whilst our second half performance will besomewhat below that for 2005, it will be in line with current expectations. Enquiries: Cameron McLatchie, Chairman British Polythene Industries PLC 01475 501000 John Langlands, Chief Executive British Polythene Industries PLC 01475 501000 Tim Spratt Financial Dynamics 0207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange