Interim Management Statement

RNS Number : 3255R

Creightons PLC

19 August 2010

 



Creightons plc ("the Company")

Interim Management Statement

Creightons Plc today issues its interim management statement for the period 1 April 2010 to 18 August 2010 ("the Relevant Period").

The Company's performance in period to date shows a significant improvement compared to the same period last year. Although, due to the cyclical nature of the business, losses were incurred which results in a deterioration of the financial position since the last published balance sheet (31 March 2010).

Sales in the first four months of this financial year (to 31 July 2010) have been higher than for the same period in the previous year as a result of increased demand from the Company's main customers.

The Company continues to experience serious pricing pressures from suppliers, although the board is striving to mitigate this wherever possible by seeking to maintain margins and reducing non-essential overhead costs.

Neither the financial information on which this statement is based nor this statement itself have been reviewed or reported upon by the Company's auditors.

The Company's AGM is being held at its offices in Peterborough on 25 August 2010.

The Company's interim results for the period 1 April to 30 September 2010 will be issued on or before 30 November 2010.

Investor enquiries should be addressed to the Company Secretary Nick O'Shea, Creightons plc, 1210 Lincoln Road, Peterborough, PE4 6ND, phone [phone].

 

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