4th Mar 2005 07:00
Caffyns PLC04 March 2005 Caffyns plc ("the Company") 4 March 2005 Trading update While the Company's profitability for the second half of the financial yearending 31 March 2005 relies on trading in the important month of March, theBoard anticipates that profits before tax and exceptional items for the secondhalf of the current financial year will be lower than those achieved in thefirst half. The Company sells predominantly to individual consumers as opposed to the fleetsector. There has been a reduction in demand in this market and this has beenreflected in the Company's performance. In addition, investment in enhancingexisting facilities has caused some disruption. However, it is considered thatthe Company is well placed to benefit from such investment in the future, aswell as from recent acquisitions which have improved the balance of theCompany's brand representation. It is expected that the preliminary announcement of the annual results for theyear ending 31 March 2005 will be made on 27 May 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Caffyns