18th Mar 2009 11:31
RDF Group PLC("RDF" or "the Company")
Update on results for the year ending 31 March 2009
Following the release of the Company's results for the six months to 30 September 2008 ("Interim Results") in December 2008, the Board of the Company has reviewed the expected results for the year ending 31 March 2009. At the time of the Interim Results, the Board expected the Company to deliver continued operating profitability in the second half of the year.
However, the Board has noted that a significant client has recently entered administration which could result in a bad debt of approximately £300,000 (excluding VAT). If this debt becomes irrecoverable, it is likely that the Company will be close to break even at the operating level for the full year. The Board will keep the situation under review and notify the market of any further updates once the results for the full year are available.
18 March 2009
For further information on the RDF Group visit www.rdfgroup.com or telephone 01273 200 100.
Nominated Adviser & Broker: Smith & Williamson Corporate Finance Limited 020 7131 4000 Azhic Basirov / Siobhan Sergeant
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