Strategic Minerals Regulatory News (SML)

30 Nov 2006 07:01

Smallbone PLC30 November 2006 Smallbone plc Trading Statement Smallbone plc ("Smallbone" or the "Group"), the supplier of luxury kitchens andfloors, announced today that due to the slippage to the first quarter of 2007 ofa £1 million order that had been scheduled for delivery at the end of 2006, as aresult of delays to a large construction project in the US outside ofSmallbone's control, the Group expects to fall short of market expectations forits year ended 31 December 2006. Elsewhere in the Group, trading has been inline with the Board's expectations, although this will not compensate for thereduction in gross profit due to the delay in the delivery of the order. The trading performance of the Group has been significantly ahead of the prioryear and operating cash generation has continued to be strong. As a result theDirectors intend to declare the company's first dividend payment and an on-goingprogressive dividend policy at the time of the announcement of the preliminaryresults for the year ended 31 December 2006 anticipated to be released in lateFebruary 2007. This information is provided by RNS The company news service from the London Stock Exchange