29th Apr 2010 07:00
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Press release |
29 April 2010 |
Plant Impact plc
("Plant Impact" or the "Company")
Notice of preliminary results and trading update
Plant Impact plc (AIM: PIM), a global developer of technologies that improve crop productivity by combating the negative effects of environmental stress, advises that it will be announcing its preliminary results for the year ending 31 March 2010 on Monday, 14 June 2010.
The Directors of Plant Impact anticipate that the Company's final results for the year ending 31 March 2010 will be broadly in line with their expectations. The Directors have recently become aware that some of the Company's anticipated revenues for the year to 31 March 2010 will not now be recognised until the current financial year as a result of the extended winter and tight credit conditions in southern Europe. This will result in the Company's turnover for the year ending 31 March 2010 being lower than originally expected. Nevertheless, partly as a result of the Board's effective management of costs, the Board expect that the Company's operating loss will be broadly in line with its previous expectations.
Plant Impact continues to make progress with the recent announcement of positive potato trial results and continuing discussions with potential marketing partners.
Enquiries:
For further information, please contact:
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Plant Impact Plc |
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Peter Blezard, Chief Executive Office |
+44 (0) 1772 645 164 |
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Mike Panteli, Chief Financial Officer |
+44 (0) 1772 645 165 |
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Allenby Capital Limited - Nominated Adviser and Broker |
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Nick Naylor / Alex Price
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+44 (0) 20 3328 5661 |
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Conduit PR - Financial PR/IR |
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Charlie Geller |
+44 (0) 20 7429 6604
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About Plant Impact plc
Plant Impact develops and markets ecologically friendly crop nutrition and crop protection products. These products improve crop yields by reducing plant stresses caused by temperature, salinity, drought and light. The Company sells its products directly and through licensing agreements with international agrochemical companies. The Directors believe that Plant Impact is differentiated from its competitors by marketing effective and environmentally friendly products.
Plant Impact has four key technologies marketed initially to the high value fruit and vegetable crop sectors; Bug Oil, CaT, PiNT and Speedo. The next two years will be dominated by CaT and PiNT sales to existing markets, and BugOil milestone payments in advance of its international roll out through Arysta, a global top ten agrochemical company.
For further information please visit www.plantimpact.com
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