25th Sep 2006 13:54
Personal Group Holdings Plc (the "Company")Trading Update25 September 2006Further to the Interim Results announced today for the six month period to 30June 2006, the Company today announces its intention to commence an investmentprogramme aimed at strengthening its product marketing capabilities.Further permanent sales staff are to be recruited over the coming period toDecember 2007 into the Company's Universal Provident subsidiary, to reach alevel of 15 permanent employees by the end of 2007. The Directors expect thisadditional resource to boost sales of its private medical insurance products inthe long term.In the short term the cost of this investment programme and other tradingactivities may reduce profits for the full year to 31 December 2006 by up toapproximately ‚£0.5 million from those currently forecast by the market.Enquiries:Personal Group Holdings Plc Tel: 0207 367 8888(on 25/9/06)Christopher Johnston, Chairman 01908 605000 ext 235 (thereafter)Ken Rooney, Managing DirectorJohn Barber, Finance DirectorENDPERSONAL GROUP HOLDINGS PLCRelated Shares:
Personal Group