4th Dec 2008 07:00
PRESS CORPORATION LIMITED
TRADING UPDATE IN RESPECT OF THE YEAR ENDING 31ST DECEMBER 2008
Press Corporation Limited's audited results for the year ending 31st December 2008 will be released in April 2009.
During the nine months to September 2008 the Press Group has registered strong performance particularly in the banking, retail and distribution and beverages sectors. The cellular company continues to register robust performance although the fixed line company still has some hurdles to surmount.
The problems faced last year in the agronomy projects of Limbe Leaf Tobacco Company Limited are now over and the company is returning to profitability.
On the basis of these developments, the strong performance of most Group Companies, and barring any unforeseen adverse circumstances up to the end of the year, the Group's consolidated profit after tax for the year ending 31st December 2008 is expected to be about 30% higher than the level achieved for the year ended 31st December 2007.
The information on which the above trading update is based has not been reviewed or reported on by the Company's auditors.
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