Tribal Grp. Regulatory News (TRB)

18 Oct 2006 11:08

Tribal Group PLC18 October 2006 Trading update and demerger of Mercury Health The Board of Tribal Group plc the leading UK consultancy, professional support services and healthcare delivery company, issues the following update on trading in advance of its results for the six months to 30 September 2006, due to be announced on 28 November. As indicated at the time of the AGM statement in July the weighting of tradingtowards the second half will be more pronounced than in previous years. Thistrend has continued and consequently first half profits will be somewhat belowthose anticipated at the time of the AGM. Education and technology has performed in line with expectations. Consulting services has had a slower than expected start to the year, with PFIdelays, continuing slowdown in NHS recruitment and higher than expected bidcosts. A slow start to the new framework contracts has also affected H1profitability. Progress at Mercury Health continues to be very encouraging with trading in thefirst half stronger than expected. In view of the progress made by Mercury Health since its inception, the Board iscurrently deliberating how best to maximise the opportunities available toMercury Health, through the possibility of a demerger and separate listing. For further information, please contact: Tribal Group plc - 01285 886020 - Henry Pitman, Chief Executive- Simon Lawton, Group Finance Director- Peter Martin, Chief Executive, Mercury Health This information is provided by RNS The company news service from the London Stock Exchange