BPI.L Regulatory News (BPI)

5 Jul 2005 07:00

British Polythene Industries PLC05 July 2005 5 July 2005 BRITISH POLYTHENE INDUSTRIES PLC PRE-CLOSE PERIOD TRADING UPDATE Prior to entering the close period, British Polythene Industries PLC has issuedan update on current trading. "As we stated at our AGM in May, our sales prices have been catching up with theraw material cost increases which were a major concern last year. Recently wehave seen a softening in these raw material costs, but this is likely to be onlya temporary phenomenon as oil prices remain firm and the floor on petrochemicalprices is now much higher than it has been historically. "In line with previous indications, we expect operating performance for thefirst half to comfortably exceed the same period last year. "Given the overall economic situation, and that we detect some customers are notas busy as they would like to be, we are, at this stage, cautious on performancefor the seasonally quieter second half. Overall the company is currentlyperforming in line with our expectations for the year." The interim results will be announced on 5 September 2005. Enquiries: Cameron McLatchie ChairmanBritish Polythene Industries PLC 01475 501000 John Langlands Chief ExecutiveBritish Polythene Industries PLC 01475 501000 Tim Spratt/Caroline LongFinancial Dynamics 0207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange