3rd Jan 2014 09:07
LONDON (Alliance News) - Johnson Service Group PLC Friday said it expects to announce full-year pretax profit in line with expectations.
The dry cleaning and textile rental company said it also expects to have reduced its net debt below GBP25.0 million as at the end of December 2013.
The company also said Chris Sander, managing director of its textile rental business, has been appointed chief executive officer with immediate effect. It said that Executive Chairman John Talbot intends to stand down at the end of April 2014 and that it is recruiting a non-executive chair to replace him.
Johnson Service Group shares were up 2.4% to 54.50 pence Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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