Revel Collect Regulatory News (RBG)

6 Feb 2008 07:00

Rensburg Sheppards plc06 February 2008 Rensburg Sheppards plc Interim Management Statement Rensburg Sheppards plc ('the group') today publishes the second of thisfinancial year's biannual Interim Management Statements as required by the UKListing Authority's Disclosure and Transparency rules. This statement is inrespect of the period from 1 October 2007 to 6 February 2008. We referred in our half-yearly report for the six months ended 30 September 2007to the marked volatility in the UK financial markets during the latter half ofthat period. This volatility, which resulted from what has become commonlytermed the 'sub-prime' crisis, has continued throughout the period nowbeing reported upon. Against this backdrop, it is pleasing to be able to report that for the quarterto 31 December 2007, the group's net revenue and operating profit from itsunderlying trading activities increased over those for the corresponding periodof the prior year. The group has over many years successfully pursued a strategy of working toincrease the proportion of income that is recurring in nature. For thisfinancial year to date, approximately 75% of the group's total income isrecurring in nature. Whilst weaker financial markets over a sustained periodwould inevitably have an impact on the absolute level of income achievable, thehigh proportion of its income recurring in nature leaves the group wellpositioned to limit this downside. Overall, the board remains satisfied with the financial position of the groupand with its prospects for making further progress. For further information, please contact: Steve Elliott, Chief Executive Tel: 020 7597 1234Jonathan Wragg, Finance Director Tel: 0114 228 6705Rensburg Sheppards plc Nick Lyon / James White Tel: 020 7796 4133Hudson Sandler This information is provided by RNS The company news service from the London Stock Exchange