9th Feb 2009 10:34
All Leisure Group plc
Notice of Results
All Leisure Group plc ("the Group"), a leading specialist destination-led cruise company, is pleased to announce that it intends to release its results for the year ended 31st October 2008 by the end of this month.
It is anticipated that underlying pre-tax profits for FY2007/08 will be broadly in line with market expectations (excluding £1.4m of FY2008/09 fuel hedging losses which have been crystallised in FY2007/08). However, following the adoption of IFRS, and as the company does not apply hedge accounting, the fair value treatment of outstanding currency hedging contracts at 31st October 2008 will cause an uplift in pre tax profits in the order of £4m. As a result the Group's reported pre-tax profits will be significantly higher than current estimates.
Enquiries:
All Leisure Group plc 01444 462103
Roger Allard / Peter Buckley
Blue Oar Securities Plc 020 7448 4400
William Vandyk / Matthew Marchant
Citigate Dewe Rogerson 020 7638 9571
Ginny Pulbrook / Hannah Seward
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