7 May 2009 12:52
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Colefax Group plc
CFX
Β
COLEFAX GROUP PLC
("the Group")
Trading Update
At the time of our interim results in January 2009, we indicated that the outlookΒ wasΒ tough, with limited visibilityΒ in terms of forecasting the level of sales.Β Since then,Β trading in our major market,Β the USA, which represents approximately 50% of fabric divisionΒ sales, hasΒ been more challenging than we anticipated. US sales for the three months to 30 April 2009 are down by 32% compared to theΒ same period in theΒ previous year. The Group has taken action to reduce its cost base and as a result,Β pre-tax profits for the year ended 30 April 2009 will be in the region of Β£2.6 million after charging redundancy costs of approximately Β£800,000.
Enquiries:
|
Colefax Group plc |
David B Green |
Tel 020 7318 6021 |
|
Biddicks |
Zoe Biddick/Sophie Lane |
Tel 020 7448 1000 |
|
KBC Peel Hunt (Nominated AdviserΒ And Broker) |
David Anderson |
Tel 020 7418 8900 |
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