5 Apr 2012 07:00
Redhall Group plc
("Redhall" or the "Group")
Trading Update
Redhall Group plc, the specialist engineering support services group, announced in February 2011 that its subsidiary Booth Industries Limited had been awarded a key contract for the design, manufacture and installation of specialist engineered doors for AWE, expected to be worth £20 million over four years.
This contract is technically challenging and has recently experienced production issues. Although these issues have now been resolved they have resulted in increased costs and subsequent delays to production schedules. As a consequence the Group's profits in the second half of the current financial year will be materially below management expectations.
All other businesses within the Group continue to trade as expected.
For more information please contact:
Redhall Group plc David Jackson, Chairman and Chief Executive John O'Kane, Group Finance Director | Tel +44 (0)1924 385 386 |
Buchanan Communications | Tel: +44 (0)207 466 5000 |
Tim Anderson | |
Canaccord Genuity Limited Brokers Robert Finlay | Tel: +44 (0)207 050 6500 |
Altium, Financial Advisers Phil Adams / Simon Lord / Paul Lines | Tel : +44 (0)845 505 4343 |