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Xaar PLC (XAR)

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Friday 23 May, 2008

Xaar PLC

China business update: recent

RNS Number : 1272V
Xaar PLC
23 May 2008
 







FOR IMMEDIATE RELEASE

23 May 2008





Xaar plc



CHINA BUSINESS UPDATE: RECENT EARTHQUAKE




Xaar plc ('Xaar'), the inkjet printing technology group headquartered in Cambridgeis providing a short update on the likely effect on its business of the recent earthquake in the Sichuan area of China.  China is Xaar's largest sales territory.


As a consequence of the earthquake, Xaar's customers in China (OEM manufacturers of mainly wide/grand format printing machinery) believe that there will be a temporary reduction in activity by end-users within China as a whole. This is expected to result in a short term reduction in sales of Xaar Platform 1 products.  While this is expected to affect Xaar's revenues in the first half year to 30 June 2008, profits for the first half year and 2008 as a whole are expected to remain in line with market consensus.



Ends






CONTACTS


Xaar plc:

01223-423663

Ian Dinwoodie, Chief Executive

www.xaar.com

Andrew Taylor, Finance Director 




Bankside Consultants:


Steve Liebmann

020-7367-8883 / 07802-888159



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