Trading Update

RNS Number : 3647P

Sutton Harbour Holdings PLC

24 March 2009

 



Sutton Harbour Holdings plc (the 'Company' or 'Group')

Trading Update

As reported in our announcement of 12 March 2009 recognition of revenues anticipated in the second half of the financial year was subject to possible delay. The Company announces that this delay will now occur in relation to a principal regeneration project and the Board now expects these revenues to be recognised in the financial year ended 31 March 2010. Whilst there are no further expected changes in relation to the results of the transport and marine divisions, the delay referred to above will mean a loss before tax will be incurred before consideration of revaluation adjustments by the Group for the year ending 31 March 2009.

24 March 2009 

Enquiries: 

Natasha Gadsdon, 

Sutton Harbour Holdings plc               [phone] 

Bobbie Hilliam, 

Evolution Securities                             [phone] 

 

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