Correction to Preliminary Res

RNS Number : 1365J

Ideal Shopping Direct PLC

24 March 2010

 



For Immediate Release

24 March 2010

Ideal Shopping Direct Plc

('the Company')

Correction to Preliminary Results Announcement

The Company announces that in the Preliminary Results announcement dated 23 March 2010, the following sentence was included in the paragraph entitled Cash Flow and Debt:

 "The net cash outflow of GBP5.0 million arose from the following; GBP3.0 million cash inflow from operating activities, GBP3.6 million from improvement in working capital (predominantly reduced stock holding and improvement in creditor payment terms) and GBP1.3 million income tax received being the return of 2008 payments on account."

The Company can confirm that the word "outflow" in this sentence should have read "inflow" and that the sentence should therefore have read as follows:

"The net cash inflow of GBP5.0 million arose from the following; GBP3.0 million cash inflow from operating activities, GBP3.6 million from improvement in working capital (predominantly reduced stock holding and improvement in creditor payment terms) and GBP1.3 million income tax received being the return of 2008 payments on account."

Enquiries: 

Ideal Shopping Direct Plc 

Paul Wright, Chairman 

Mike Hancox, Chief Executive 

Tel: [phone]

Fairfax I.S. PLC 

Ewan Leggat / Simon Bennett / Laura Littley 

Tel: [phone]

Buchanan Communications 

Richard Darby / Miranda Higham 

Tel: [phone] 

 

END

 

 

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