22nd Apr 2014 07:01
For immediate release 22 April 2014
CSF GROUP PLC("CSF" or the "Company")
Pre-Close Trading Update
CSF, a leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia, announces the following pre-close trading statement for the year ended 31 March 2014.
The Group has finished the current year in line with the Board's expectations. The Board remains focused on protecting the Company's cash position, securing customers for the data centre rental business, and implementing the various cost control and cash preservation measures that have been established.
Management continue to explore opportunities with a number of strategic partners in order to deliver an end-to-end service package to new and existing customers.
The Group had a closing cash position as at 31 March 2014 of RM19.9m (£3.7m*) (31 March 2013 : RM61.9m (£11.4m*)).
The Company expects to announce its preliminary results in the week commencing 21 July 2014.
* The pro forma balances in pounds Sterling are included solely for convenience. The pro forma balances in pounds Sterling are stated, as a matter of arithmetical computation only, on the basis of all current and prior year balances being translated from Malaysian Ringgits into pounds Sterling at the rate prevailing on 31 March 2014 of RM5.4409 : £1.00. This translation should not be construed as meaning that the Malaysian Ringgit amounts actually represent, have been, or could be converted into the stated number of pounds Sterling.
For further information:
CSF Group Phil Cartmell, Chairman |
via Buchanan |
Cenkos Securities (Nominated Adviser & Broker) Bobbie Hilliam / Elizabeth Bowman | +44 (0) 20 7397 8900 |
Buchanan Jeremy Garcia / Gabriella Clinkard | +44 (0) 20 7466 5000 |
Related Shares:
CSFG.L