Information  X 
Enter a valid email address

QA PLC (QA.)

  Print      Mail a friend

Thursday 20 September, 2001

QA PLC

Trading Update

QA PLC
20 September 2001


                         QA plc


                     Trading Update

At the time of the interim results in July we stated that
the  outcome  for the year was dependent upon performance
in  the  last  quarter, which has historically  delivered
about one third of our revenues.  We also highlighted  to
shareholders that market conditions generally  were  very
difficult to predict.

Trading  over the traditionally quiet summer  months  has
been   weak   in   both  our  training  and   consultancy
operations.   Future market conditions remain  uncertain.
We now expect current year revenues from operations to be
below those achieved last year.

Since  the  downturn in our markets in April and  May  of
this  year,  management  has responded  by  reducing  the
Company's  annualised cost base by over £3 million.   The
primary  benefit  of  this  will  be  felt  in  the  next
financial year.

Given  the operational gearing in our business, operating
profits before goodwill for the second half year are  now
expected  to be around 20% lower than those in the  first
half  year.   Costs  remain constantly  under  review  to
ensure consistency with current and prospective levels of
trading.

Subject  to  there  being no further marked  downturn  in
trading  conditions, and given the cost  savings  already
made,  we expect an improved trading performance for  the
company  next  year. QA remains profitable,  our  balance
sheet strong and our business cash generative.




For further information please contact:

QA plc                                       020 7656 8484
Keith Burgess, Executive Chairman

Square Mile BSMG Worldwide                   020 7601 1000
Nick Oborne/ Sally Lewis