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18 Jun 2008 07:00
RDF Group PLC("RDF" or "the Company")
Update on results to 31 March 2008
Following the trading update announced on 18 April 2008, the Board of the Company has further reviewed the expected results for the year ended 31 March 2008.
The Board has decided to write-off the balance of its investment in its Financial Services Software Product, resulting in an exceptional charge of ‚£ 75,000. The effect of this decision is a reduction in the results for the second half of the year from a break even position, as previously announced, to a pre-tax loss of ‚£75,000. For the year ended 31 March 2008, the Group is now expected to incur a pre-tax loss of ‚£40,000.
The results for the year are expected to include exceptional costs totalling ‚£ 585,000, incurred within the Managed Services business. It is expected that the underlying operating profit, before exceptional items, will be ‚£747,000 and pre-tax profit, before exceptional items, will be ‚£545,000 on revenues of ‚£ 30.5m, an increase of 37% on the previous year's income.
The Company expects to release its preliminary results by 7 July 2008.
18 June 2008
For further information on the RDF Group visit www.rdfgroup.com or telephone 01273 200100.
Nominated Adviser & Broker:Smith & Williamson Corporate Finance Limited 020 7131 4000
Azhic Basirov / Siobhan Sergeant
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