8 Sep 2010 07:00
Crawshaw Group plc
Notification of Interim Results & Trading Update
Crawshaw Group plc, the meat focussed retailer, expects to announce its interim results for the six months ended 31 July 2010 on 5 October 2010.
The fall in like for like sales in our last financial year continued into the earlier months of the current year. However, by July, this trend had been reversed and we are presently generating like for like sales some 3% ahead of the prior year.
As reported previously, consistent improvements have also been made in our gross margin. This, together with improving sales, has resulted in a better than budgeted first half performance, with profits and cash generation well ahead of the same period last year.
We are actively pursuing our expansion plans; we are still in negotiations regarding the property previously referred to as being the subject of agreed terms and we are giving consideration to a number of other new sites.
The balance sheet remains strong as we continue to generate cash.
Enquiries:
Crawshaw Group plc 01709 369 602
Lynda Sherratt
W H Ireland Limited 0161 832 2174
Robin Gwyn