Led International Holdings Regulatory News (LED)

9 Jul 2007 08:32

LED International Holdings Ltd09 July 2007 LED INTERNATIONAL HOLDINGS LIMITED ("LED International" or "the Company") Trading update LED International, the AIM listed (LED.L) manufacturer of LED screens andrelated products, today announces an update to its trading activities ahead ofits close period for the full year to 30 June 2007. The Company reports that it expects to declare a profit before taxation for thefull year in excess of that reported in the interim results on 30 March 2007,although it will be materially below the current market expectation. Whilstremaining profitable, the Company has witnessed a weaker second halfperformance, compared to the first, mainly due to delay in the completion of asignificant contract. In addition, the Company intends to move it manufacturingfacilities in November of this year to a new site, however it does not expectthis to have a significant impact on its performance. The acquisition of Kepu Electronic Technology (Shenzhen) Company Limited ("Kepu"), announced on 1 May 2007 is progressing well and is expecting to befinalised shortly, once government approval has been obtained. Kepu will bringto the Group an expanded LED product range, a broader customer base and adds newterritories to the operations. Ka Lok Jim, CEO of LED International, commented, "Trading for the first half ofthe year was good, but due to problems associated with a delayed contract, theperformance for the second half was disappointing. With the acquisition of KEPU,and other projects in the pipeline, we remain positive for the future." -Ends- For further information: LED International +852 2810 4470 Ka Lok Jim Conduit PR Christian Taylor-Wilkinson / Anouska Widdess +44 20 7429 6609 Blue Oar Securities Justin Lewis +61 3 9607 8438 Romil Patel / Shane Gallwey +44 20 7448 4410 Notes to Editors: LED International and its subsidiaries specialise in the development,manufacture and sale of low powered / low maintenance LED screens and other LEDproducts such as outdoor signs, lamps, lighting and building illumination. Thescreens are manufactured in a 'building block' format to a specific design,which allows screens to be assembled to suit a customer's size and definitionspecifications. This design also ensures that the screens are relatively easy to transport andassemble. Based in Hong Kong, the Group's primary market has been the People'sRepublic of China ("PRC"), but it has also supplied end products to Macau, Japanand the USA. Part of the Group's strategy in 2007 is to widen its customer baseto markets outside PRC. The Company listed on AIM, part of the London Stock Exchange, on 23 October2006. This information is provided by RNS The company news service from the London Stock Exchange