23rd Dec 2008 10:02
Maintel Holdings Plc
("Maintel" or the "Company")
Trading Statement
Maintel Holdings Plc would like to advise the market of its anticipated performance for the year ending 31 December 2008. We are pleased to confirm that, as highlighted in our half year statement, the second half of the year has shown significant improvement on the first half following the major new support contracts noted in the statement and the cost cutting exercises made in May 2008. However, the extraordinary market conditions have reduced expected income from additional equipment sales and whilst maintenance and other contracted revenue remain healthy, this will inevitably have an effect on profitability. We are therefore estimating that, subject to audit, profit before amortisation and exceptionals for the year to 31 December 2008 will be approximately £2.0m.
Our preliminary results for the year to 31 December 2008 together with a trading outlook for 2009 will be announced in mid-March 2009.
23 December 2008
Enquiries:
Dale Todd - Finance Director 020 7401 0562
Tim Mason - Chief Executive 020 7401 4601
Related Shares:
Maintel