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Share Price Information for Judges Scientific (JDG)

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4,990.00    -10.00 (-0.20%)
Bid:
4,950.00
Ask:
5,030.00
Spread: 80.00 (1.616%)
Market Cap: £332.37m
JDG Live PriceLast checked at - London Stock Exchange

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Trading Statement

16 Jul 2010 07:00

RNS Number : 4422P
Judges Scientific PLC
16 July 2010
 

16 July 2010

 

Judges Scientific plc ('Judges Scientific', the 'Company' or the 'Group')

 

Trading Update

 

The Directors of Judges Scientific, the parent company of a group engaged in the design, manufacture and sale of scientific instruments, are pleased to update the market in respect of the Company's trading performance during the first half of the current financial year to 31 December 2010.

 

Trading activity during the six-month period ended 30 June 2010 remained robust and benefited from a healthy opening order book, strong order intake and favourable exchange rates. Order intake during the half-year was much stronger than in the comparable period of 2009, enabling the June 2010 order book to exceed the level reached in June 2009.

 

The half-year results will include a six-month contribution from Quorum (acquired in June 2009) and a three-month contribution from Sircal; the Board expects that the adjusted results will show significant year-on-year progress. Due to the strong performance of the Company's share price and as a result of recent changes in accounting rules, the unadjusted figures will reflect a substantial non-cash charge relating to the increased value of the Convertible Redeemable shares.

 

Sircal, acquired on 18 March 2010, has since been integrated within FTT and is trading in line with expectations.

 

The Group's interim balance sheet will duly reflect the impact of the strong cash generation implicit in the aforementioned trading performance. In view of its increased size, the Group will now start to be affected by the need to make quarterly advance payments of corporation tax.

 

The Directors are pleased with the underlying trading performance and the fact that the second half of the year has commenced with a solid order book, all of which will help the Group meet prevailing challenges in the global economy, particularly those relating to European budget cuts and the tentative recovery in Sterling.

 

Enquiries:

 

Judges Scientific plc

David Cicurel, CEO

01342 323 600

 

Shore Capital

Pascal Keane

020 7408 4090

 

Cardew Group

Melvyn Marckus

07775 896491

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
16th Mar 20062:25 pmRNSNotice of Preliminary Results
28th Feb 200611:42 amRNSAdditional Listing
23rd Feb 20066:15 pmRNSDirector/PDMR Shareholding
22nd Feb 20067:01 amRNSAcquisition
24th Nov 20057:01 amRNSClarification of Holding
16th Nov 200510:55 amRNSHolding(s) in Company
24th Oct 200512:03 pmRNSAppointment of Director
27th Sep 20057:01 amRNSDirector/PDMR Shareholding
15th Sep 20057:01 amRNSInterim Results
5th Sep 20051:25 pmRNSAcquisition
17th Jun 20055:22 pmRNSHolding(s) in Company
27th May 20057:00 amRNSHolding(s) in Company
23rd May 20055:20 pmRNSResult of EGM
6th May 200510:43 amRNSSchedule 1 - Judges Capital
29th Apr 20057:02 amRNSAcquisition and Placing
29th Apr 20057:02 amRNSFinal Results and Acquisition
14th Jan 20058:38 amRNSHolding(s) in Company
10th Jan 20059:30 amRNSSale of investment
10th Jan 20059:20 amRNSHolding(s) in Company

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