21st Jan 2005 07:00
Cape PLC21 January 2005 21 January 2005 Cape plc("Cape" or the "Company") Trading Update Cape PLC, (AIM: CIU), the international industrial services business, announcesa trading update ahead of its close period for the year ending 31 December 2004. The Company continues to experience strong organic growth across all areas ofoperations, particularly within its Far East business units, and ended the yearahead of plan. The Board is pleased to reiterate its optimism for the full yearand looks forward to the year ahead with confidence. As outlined at September's Interim results, Cape Industrial Services ("CIS"),Cape's sole operating subsidiary, continues to maintain a strong position in themajority of the markets in which it operates, particularly the internationaloffshore business. CIS is also growing its presence with recurring maintenancework across an expanding range of services. Following the Company's review into options for the long term funding ofindustrial disease claims, the Board plans to make firm proposals at the time itreports full year results on 23 March 2005. Further information: Cape PLCMartin May, ChairmanMike Reynolds, Group Finance Director (01924) 876 276 Bell Pottinger Corporate & FinancialMark Herbert / Nick Lambert (020) 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CIU.L