5th Mar 2009 17:32
Engel East Europe N.V
Further Trading update for the year ending 31 December 2008
THURSDAY, 5 March 2009 -- Further to the announcement made on 2 December 2008, the board of Engel East Europe N.V. ('Engel' or 'the Company') now expects to report a small operating loss for the year ended 31 December 2008. In addition, the directors expect to report an increased loss before taxation compared with the previous year largely as a result of foreign exchange losses arising from the depreciation of local Eastern European currencies against the Euro and increased financial expenses arising from a higher net debt position during the year.
The Company expects to make a full announcement of its preliminary results for the year ended 31 December 2008 shortly.
END
Enquiries:
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Engel East Europe N.V. |
Tel: +972 (9) 970 7004 |
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Sam Salman |
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Samuel Hibel |
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Libertas Capital Corporate Finance Limited |
Tel: +44 (0) 20 7569 9650 |
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Sandy Jamieson |
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Bankside Consultants |
Tel: +44 (0) 20 7367 8888 |
|
Simon Bloomfield or Andy Harris |
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