STA.L Regulatory News (STA)

5 May 2005 15:48

Stagecoach Theatre Arts PLC 05 May 2005 Stagecoach Theatre Arts plc Trading Statement 5th May 2005 The Group announces today that it is unlikely to meet the market expectation of£400,000 profit before tax for the current financial year ending 31st May 2005. Due to the combined effect of the reduced income earned from its largestfranchisee, Surrey Performing Arts, fewer SportsCoach initial franchise feesearned than expected, and further development costs for the USA and Germansubsidiaries, the likely profitability for the year is less than £200,000 beforetaxation. At this level of profitability the Board would not propose a finaldividend. The Board will update the shareholders as to the current trading and futureprospects of the Group in the preliminary announcement of results for the year,expected on or around 16th August 2005. Enquiries: Stagecoach Theatre Arts David Sprigg (JMD) 01932 254 333 Richard Dawson (FD) 01932 256 244 This information is provided by RNS The company news service from the London Stock Exchange