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Jarlway Holdings plc (PFIT)

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Tuesday 15 January, 2008

Jarlway Holdings plc

Trading Statement

Jarlway Holdings plc
15 January 2008

For Immediate Release

15 January 2008

               Jarlway Holdings PLC ('Jarlway' or 'the Company')

                                 Trading Update

The Board of Jarlway today announces an update on trading.

The Chairman's Statement set out in the Company's Interim Results for the Six
Months ended 30 June 2007 referred to supply shortages of one major part
affecting the Company's ability to exploit fully the China market for trailer
pumps. It did not prove possible to resolve these difficulties as quickly as the
Jarlway Board had anticipated and for this and other reasons referred to below,
it has now become apparent to the Board that the Company is likely to make a
loss of approximately £850,000 (unaudited) for the year ended 31 December 2007.

In addition to the supply shortages referred to above, the expected loss for the
year ended 31 December 2007 has arisen principally due to the following
additional factors:

•        The Company has continued to tighten its credit control and exercise
greater selectivity in accepting orders for trailer pumps to improve cash flows,
resulting in a decrease in the sales of pumps compared to 2006.

•        An additional £700,000 of provision for bad and doubtful debts is being
made in relation to debts mainly originating in or before 2005.

•        The investment required to increase production capacity for the new
product lines, and particularly tower cranes, has been higher than anticipated
and the Company's shortage of capital to fund the investment has meant that
production has been slower coming on stream than hoped for. The total amount
invested in tower cranes and placing boom has already reached RMB30 million
which is more than the investment previously made in trailer pumps. However, the
Company is now able to produce both product lines.

•        The macroeconomic controls by the Chinese Central Government has
started to put restraints on the growth of infrastructure developments in China
as well as willingness of banks to lend near the end of 2007, resulting in fewer
orders and downward pressure on prices of the Company's trailer pumps.

The Jarlway Board wishes to emphasise that based on the current financial
position of the Company and market conditions, the Company continues to trade
normally and has adequate working capital for its present requirements.


For further information please visit or enquire to:

Jarlway Holdings plc

David Thomas                                    +44 7753 457 931
Ng Chi Chor                                      +86 13316269616

Nominated Adviser

Nabarro Wells & Co. Limited
Robert Lo/Richard Swindells / Kevin Lynch       +44 20 7710 7400

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                             

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