Macfarlane Grp. Regulatory News (MACF)

20 Dec 2007 13:15

Macfarlane Group PLC20 December 2007 Macfarlane Group PLC gives a trading update for 2007 and disposes of surplusproperty 20 December 2007 Trading update The strong performance of the business in the first six months of 2007 hascontinued in the second half and Macfarlane Group's results for 2007 fromcontinuing operations will be in line with our expectations for the year andsignificantly ahead of 2006 profits. Considerably more focus has been brought to the Group's activities in the secondhalf of the year following the announcement of the disposal of the US/Mexicanoperations at the start of October 2007. The Group is intent on continuing thisfocus and seeking value-enhancing acquisitions to accelerate growth andfinancial returns from our key businesses. Disposal of property The Group has concluded an agreement to sell a surplus investment property atKirkintilloch for a total cash consideration of £2.3 million after attributableexpenses. The disposal will produce a realised profit of £0.6 million in thecurrent financial year to 31 December 2007. Further information: Archie S. Hunter Chairman 0141 333 9666 Peter D. Atkinson Chief Executive 0141 333 9666 John Love Finance Director 0141 333 9666 This information is provided by RNS The company news service from the London Stock Exchange