Last checked at 13 Feb 2013 11:52
Creightons plc (the "Company")
Interim Management Statement
Creightons Plc today issues its interim management statement for the period from 1 October 2012 to 13 February 2013 ("the Relevant Period").
The Company's financial position has continued the steady improvement we have been achieving over the last few years. Since the last published balance sheet (30 September 2012) there has been an increase in retained earnings as a result of profits achieved on sales in the third quarter.
Sales in the third quarter were significantly higher than for the same three months last year due to a significant new product launch and stock build by several major customers, and remain well ahead of 2011/12 on a cumulative basis, although we believe this represents some element of pull-forward of Q4 sales.
The Company continues to take measures to minimise exposure to the economic pressures in the manufacturing and retail sectors. Discretionary spend particularly on marketing and product research remains at a minimum, although the situation is continuously under review in order to best exploit market opportunities.
Neither the financial information on which this statement is based nor this statement itself have been reviewed or reported upon by the Company's auditors.
The Company's final results for the year to 31 March 2013 are expected to be published by 30 June 2013.
Investor enquiries should be addressed to the Company Secretary, Nick O'Shea, Creightons plc, 1210 Lincoln Road, Peterborough, PE4 6ND, phone +44 (0) 1733 281000.
Nick O'Shea
Director
Approved by the board and authorised to be issued to shareholders and the London Stock Exchange at a meeting of the board on 13 February 2013.