1 Feb 2011 07:00
For immediate release | 1 February 2011 |
WALKER GREENBANK PLC
("Walker Greenbank" or "the Company")
Year-end Trading Update
Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, is pleased to announce its pre-close trading update for the year ended 31 January 2011.
The Company has continued to trade well following the positive trading update issued on 29 November 2010. As a result, adjusted pre-tax profits* for the full year are expected to be no less than £4.9 million (2010: £2.4 million), comfortably exceeding the top end of analyst forecasts. All of the Company's brands, and its manufacturing operations, have contributed to this strong performance.
As stated in the November trading update, the key autumn selling period was highly successful. Trading continued to be robust in December and January, with sales ahead of the same period last year.
It is expected that the Company's positive performance will allow an increase of at least 30% in the final dividend (2010: 0.5p).
The Company intends to issue its preliminary results on Tuesday 12 April 2011.
* adjusted pre-tax profits are adjusted for long term incentive plan charge, net defined benefit pension charge and exceptional gain
Enquiries:
Walker Greenbank PLC | +44 (0) 844 543 4667 |
John Sach, Group Chief Executive | |
Alan Dix, Finance Director | |
Arden Partners plc | +44 (0) 20 7614 5917 |
Chris Hardie / Adrian Trimmings | |
Buchanan Communications | +44 (0) 20 7466 5000 |
Mark Court / Suzanne Brocks |