31st Oct 2007 15:38
RDF Group PLC
("RDF" or "the Company")
Continued Share Price Movement
The Board of RDF Group PLC (AIM: RFG), the IT services company, with offices in Brighton, Bristol, Edinburgh and London, has noted the continued rise in the Company's share price and speculation in the press today regarding its results for the six months to 30 September 2007 which are due to be released on 6 December 2007.
The Board expects that the results for the six months to 30 September 2007 will show a significant increase in turnover but a decline in the Group's profits for the first half of the year compared to the same period in 2006 as a result of the increased costs and reduced margins related to the continued investment in the business to build its profile as a niche I.T. services group.
Consequently, the Board now believes that the Company's profits for the period to 30 September 2007 will be materially less than the results for the same period in 2006. However, trading in the second half of the year is strong and indications are that the results for the full year will reflect significantly improved profitability in the second half.
31 October 2007
For further information on the RDF Group visit www.rdfgroup.com or telephone 01273 200100.
Nominated Adviser & Broker:
Smith & Williamson Corporate Finance Limited 020 7131 4000
Azhic Basirov / Siobhan Sergeant
RDF GROUP PLCRelated Shares:
Roebuck Food