Thorpe Regulatory News (TFW)

9 Nov 2006 12:29

Thorpe(F.W.) PLC09 November 2006 AGM Statement At the Company's AGM, which is be to held this afternoon at 3:15 pm, theChairman will be making the following statement: "Ladies and Gentlemen, Trading during the 2005/2006 financial year showed a small percentage increasein total output but with a marked higher profit margin. This profit was higherthan one might have historically expected from the moderately improved turnoverand was achieved by the increased efficiency of extra volume as well as greaterefficiencies in the various activities of the company. In regard to the current financial year we expect trading to be on a similarpattern and we are hoping for a similar improvement in turnover. In regard tothe profit, any further improvement in profit to sales ratio will depend partlyon the higher turnover but also whether we can achieve a further increase inefficiency and at the same time hold off or negate the damaging effect of pricerises which are frequent at the moment. We will, as usual, do our best in thevarious circumstances." This information is provided by RNS The company news service from the London Stock Exchange