26th Jul 2013 07:00
26 July 2013
SNACKTIME PLC ("SnackTime" or the "Company")
AGM Statement
At its Annual General Meeting being held at 10.00am today, Jeremy Hamer, Executive Chairman of SnackTime plc will make the following statement:-
"The unaudited results for the first quarter of FY14 to 30 June 2013 were broadly in line with management's expectations producing an EBITDA of £250,000 (Q1 FY13: £200,000). This compares with the average quarterly EBITDA in FY13 of £164,000 and is the best quarter recorded by the Company since Q2 FY12. This improvement in performance has been achieved mainly as a result of the cost savings implemented during FY13. As at 30 June 2013, we were using £350,000 of our £750,000 overdraft facility.
As announced in its final results on 3 July 2013, the Company's focus continues to be on sales, lead generation and operational efficiency.
I look forward to providing shareholders with a further update at the time of the Company's interim results for the 6 months to 30 September 2013."
For further information:
SnackTime PLC |
|
Jeremy Hamer, Chairman |
|
Tim James, CFO | 020 8879 8300 |
Westhouse Securities Limited |
|
Tom Griffiths Richard Johnson | 020 7601 6100 |
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