Dillistone Regulatory News (DSG)

12 Jun 2007 10:00

Dillistone Group PLC12 June 2007 Dillistone Group Plc Trading Statement The following is the text of a trading statement to be made by the Chairman atthe company's Annual General meeting, held at 10am on 12th June 2007. "Following our announcement of record profits for the year ended 31st December2006, and confirmation on 7th February that order intake in the final quarter of2006 was at record levels, I am pleased to be able to confirm the continuationof this positive trend. In the first 5 months of 2007 we have experienced order levels some 20% higherthan over the same period in 2006, and turnover in the first 4 months of theyear is some 18% ahead of last year. In March 2007 we launched the latestversion of our Filefinder product, (Filefinder 8) which has been very wellreceived by our clients. Furthermore, we continue to add new services under our "Search-Consult" brand.These include executive search training courses (scheduled to be delivered thisyear in the UK, US and continental Europe) and conferences (taking place thisyear in Hong Kong and London) which the Company will be running. These eventstypically act as excellent platforms for the promotion of our Filefinder productwhilst also being profitable in their own right. Support renewals in December 2006 were in line with our expectations, some 19%ahead of the previous year, and early indications are that renewals in July 2007will be at a similarly encouraging level. The group remains free of all borrowings and has continued to generate cash inline with its trading performance. We indicated in our Admission Document thatwe expected to pay a dividend covered some 2x by earnings, and are pleased toconfirm that an interim dividend is expected to be paid in October 2007. The board remains confident that the Group will achieve expectations for theyear ending 31st December 2007, and expects to report interim results for the 6months ending 30th June 2007 on or about 14th September 2007." Enquiries;Jim McLaughlin, Chairman, Dillistone Group PLC 07768 287237Jason Starr, Managing Director, Dillistone Group PLC 020 7749 6100John Wakefield, Director, Blue Oar Securities Plc 0117 933 0020Barrie Newton, Blue Oar Securities Plc 01225 424 666 This information is provided by RNS The company news service from the London Stock Exchange