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AGM Statement

26th Jul 2013 07:00

RNS Number : 1843K
Snacktime PLC
26 July 2013
 



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

 

 

 

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