Cropper (J) Regulatory News (CRPR)

24 Apr 2009 07:00

James Cropper PLC

Trading Update - Year ended 28 March 2009

STATEMENT BY THE CHAIRMAN, J A CROPPER

I am pleased to report that in the second half of the financial year Technical Fibre Products Limited traded strongly and that James Cropper Speciality Papers Limited made significant progress in reducing its first half losses. In addition, the full year IFRS pension adjustment charge relating to the Group's defined benefit pension schemes was less than anticipated. 

Therefore, although audit clearance is yet to be given, it should be anticipated that barring any unforeseen circumstances, the Group Profit before Tax for the year to 28 March 2009 will not be less than £0.7 million. This result would be above current market expectation.

The Group's Preliminary Results for the year to 28 March 2009 will be announced on Tuesday 23 June 2009.