New World Oil And Gas Regulatory News (NEW)

29 May 2007 14:01

Newcourt Group plc Ticker: NEW.I AGM Statement Dublin, 29 May, 2007: Newcourt Group plc ('Newcourt' or the 'Group'), a leading,Irish based, support services group, today held its AGM at 2pm at the ConradHotel, Dublin 2, Ireland. At the AGM, Mr Ted O'Neill, Newcourt Chief Executive Officer, commented: "2006 represents another year of growth and development for Newcourt. Financialhighlights, for the 2006 full year included: -- Turnover growth of 78% to EUR 116.5 million -- Trading profit growth of 105% to EUR 11.2 million -- Operating profit growth of 121% to EUR 6.7 million -- Profit before tax growth of 155% to EUR 5.7 million The acquisitions completed during 2006 have been effectively integrated and arecontributing strongly to profitability. In addition, we are very pleased withthe acquisition of the specialist health care recruitment firm, CCMInternational, which was completed in March of 2007. Trading for the first four months to April 30, 2007, is significantly ahead ofthe same period last year and is in line with current market expectations' forthe 2007 full year. This reflects an increased contribution from existingbusinesses together with a strong contribution from businesses acquired during2006." ENDS About Newcourt Group plc Newcourt is a leading provider of support services, employing over 2,700 staffthroughout the island of Ireland. The Group has two primary operating divisions:Support Services & Student Accommodation and Recruitment & Aviation Outsourcing. Contacts \* TTed O'Neill Mark Kenny/Jonathan NeilanNewcourt Group K Capital SourceMobile: +353 86 8214467 Tel: +353 1 631 5500 Email:Newcourt@kcapitalsource.com-------------------------------------- --------------------------------------\* T Copyright Business Wire 2007