22nd Aug 2006 11:30
Glotel PLC22 August 2006 For Immediate Release 22 August 2006 Glotel Plc Trading Update Steady Progress in USA offset by weaker US Dollar and margin pressures in UK and Asia Pacific While our US Division has continued to make steady progress, with improvinggross margins and profitability, the weaker US Dollar has reduced thecontribution to overall group profits. At the same time, we have experiencedrenewed margin pressures in both our UK and Australian businesses, particularlyin the UK public sector. Overall, we expect profits for the first six months tobe lower than for the corresponding period last year. With respect to the full year, and given the significant contribution made byboth our US Division and international dollar-denominated business to groupprofits, the outlook remains dependant on the level of the US Dollar and demandin the USA. The directors expect full year results to be slightly lower thanthose achieved in the year ended 31st March 2006. - ends - For further information, please contact: Glotel Plc Weber Shandwick Square MileLes Clark, Chairman Nick OborneAndy Baker, Chief ExecutiveJonathan Brooks, Finance Director 020 7067 0700020 7484 3000www.glotel.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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