26th Jun 2012 07:00
26 June 2012
Sweett Group plc
("Sweett Group" or "the Group")
Notification of Results Update
Sweett Group, the international property and infrastructure consultancy, announces that, as a consequence of delays in completing certain transactions, principally the Inverclyde Schools and Dumfries & Galloway Schools PFI projects asset sales, the announcement of results for the year to 31 March 2012 will be deferred until August.
The timing of these completions means that the associated profit will not now fall in the 2011/12 year and, as discussed in the announcement of 27 April, will cause the results for the year ended 31 March 2012 to be commensurately lower than market expectations. However, both of the transactions are due to be completed shortly.
Given the action taken last year to reduce our overhead costs, the underlying trading performance continues to be encouraging.
- Ends -
For further information:
Sweett Group plcDean Webster, Chief Executive OfficerChris Goscomb, Chief Financial OfficerTheo Kjellberg, Group Communications Manager
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+44 20 7061 9000 +44 20 7061 9000 +44 20 7061 9102 |
Westhouse Securities Tom Price, Paul Gillam
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+44 20 7601 6100 |
FTI Consulting Billy Clegg, Oliver Winters, Latika Shah |
+44 20 7831 3113 |
About Sweett Group
Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment.
We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.
www.sweettgroup.com
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