Statement re AGM and Web presentation

4 May 2007 09:34

Charles Taylor Consulting plc AGM statement

At the AGM to be held later on today John Rowe, the Chairman and Chief Executive of Charles Taylor Consulting plc ("CTC"), will give an update on trading. A copy of the presentation to be given will be available later on today on the CTC website: www.charlestaylorconsulting.com.

Following a strong set of results for the year ended 31 December 2006 which saw adjusted profits after tax up 23%, adjusted earnings per share up 14% and an operating profit to cash conversion rate of 123%, trading continues to be in line with management expectations.

In the year to date, trading has been strong within CTC Services despite the weakening dollar. The loss adjusting operations have now been consolidated under the brand "Charles Taylor Adjusting". The Run-off division continues to explore acquisition opportunities and its Isle of Man business has grown. CTC Management's new London Authority Mutual commenced operations on 1 April. As anticipated, Signal has seen continuing growth.