Sign In
16 Jan 2013 07:00
16 January 2013
Rotala plc
("Rotala" or "the Company" or "the Group")
Pre-close trading statement
Rotala is pleased to announce the following update on trading for the year ended 30 November 2012 and prospects for the current year ending 30 November 2013.
Operating results for the year ended 30 November 2012 are expected to be broadly in line with management expectations, notwithstanding the 20% reduction in the Bus Services Operators' Grant early in the year and continuing pressure on local authority transport budgets as a result of Government austerity measures. The interest charge for the full year is expected to be marginally higher than market expectations.
Trading for the current year has begun satisfactorily and is in line with budget.
John Gunn, Chairman said:
"Given the industry conditions created by central government policies, we believe that the Company produced an acceptable performance in 2012. The current financial year has started on the right track and we look forward to releasing our final results for FY 2012 in March 2013."
For further information please contact:
Rotala Plc | |
John Gunn, Chairman | 020 7602 7500 |
Simon Dunn, Chief Executive | 07825 808 525 |
Kim Taylor, Group Finance Director | 07825 808 529 |
Numis Securities Limited | 020 7260 1000 |
David Poutney (Corporate Broker); Stuart Skinner/Richard Thomas (Nominated Adviser) |
Follow the stocks
