ISG.L Regulatory News (ISG)

7 Dec 2005 07:00

Interior Services Group PLC07 December 2005 Interior Services Group PLC AGM Statement and Trading Update Speaking at the 11th AGM of Interior Services Group PLC ("ISG") the constructionservices specialist, today, Roy Dantzic, non executive Chairman, will updateshareholders on current trading. " I am delighted to inform shareholders that we have had a very encouragingstart to the current financial year. Volumes in the first half are expected tobe up over 50% compared to the same time last year. While this increase includesthe first contribution from Propencity Group which we acquired at the end ofSeptember, it is substantially due to a strong workload in our traditionalmarkets. " As a result of this increased level of activity, we expect first half profitsto be considerably ahead of last year's. As we experienced last year,profitability will be biased towards the second half due to the anticipatedtiming of the completion of a number of major projects. The improvement inprofitability will include a positive contribution from Propencity which, whilstit has only been part of the Group for eleven weeks, is already trading aboveexpectations. We are also pleased to report that we have successfully dealt withthe outstanding adjudication referred to in our year end results. " Looking forward, the demand for the Group's services is strong and the totalorder book, including Propencity, now stands at £770 million. Although it is tooearly to predict the outcome for the year as a whole, we have made a promisingstart and we look forward to updating shareholders at the interim results inMarch 2006." -ends- Date: 7 December 2005For further information contact: Interior Services Group PLCDavid King, Chief Executive 020 7392 5251David Lawther, Group Financial Director 020 7392 5307Web: www.isgplc.com cityPROFILESimon Courtenay 020 7448 3244Jonathan Gillen This information is provided by RNS The company news service from the London Stock Exchange