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Trading Statement and Notice of Results

5 Oct 2010 07:00

RNS Number : 8413T
Dart Group PLC
05 October 2010
 



5 October 2010

 

Dart Group PLC ("the Group")

 

Trading Statement and Notice of Results

 

 

Dart Group PLC, the aviation and distribution Group, reports on trading for the first half of the financial year ending 31 March 2011 in its principal operating subsidiaries, Jet2.com, the northern based leisure airline, and Fowler Welch-Coolchain, one of the UK's largest physical distributors of Fast Moving Consumer Goods (FMCG).

 

The Group's leisure airline, despite the ash cloud, has had a satisfactory summer with improved yields and load factors and an encouraging first summer of operation at East Midlands airport. Jet2.com has recently announced its eighth northern base, with the addition of Glasgow for Summer 2011. Our ATOL protected holidays company, Jet2holidays.com, continues to grow strongly by meeting customer demand for attractively priced package holidays from local airports.

 

Our distribution business, Fowler Welch-Coolchain, which operates over 430 vehicles providing a high quality FMCG distribution service, including chilled, fresh and prepared foods, for a range of leading UK supermarkets, retailers and their suppliers, is delivering leading customer service and continues to grow in line with the company's expectations. Our new distribution centre at Heywood near Manchester is now operational and this is already enabling the business to attract new customers.

 

Overall, the Group's profit before taxation for the first half of the year will be ahead of the same period last year, although increased losses are expected in the second half of the year as a result of continued growth.

 

The Group intends to announce its interim results on 18 November 2010.

 

  

 

For further information contact:

Dart Group PLC

Tel:

0113 238 7444

 

Philip Meeson

Group Chairman and Chief Executive

 

 

Mobile:

 

 

07785 258666

 

Andrew Merrick

Group Finance Director

 

 

Mobile:

 

 

07788 565358

 

Andy Pedrette/ Charles Combe

Smith & Williamson Corporate Finance Limited

 

 

Tel:

 

 

020 7131 4000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFSMFWLFSSEDS
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