12th Nov 2012 07:00
12 November 2012
Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
Trading Update
Following their appointment at the General Meeting on 3rd October, the new Board of Directors has undertaken a detailed review of the current trading and short term prospects of Victoria PLC. This review is continuing. However, it is already apparent that the Company is likely to break even at best for the full year ending 4 April 2013, at a pre-tax level before exceptional costs. Current trading, in both Australia and the UK remains weak and significantly behind budget.
The Directors wish to assure shareholders that they are doing everything they can to remedy the situation and a further update will be provided to the market in the Company's half year statement at the end of this month.
- Ends -
For more information contact:
Victoria PLC Geoff Wilding | +44 (0) 1562 749 300 |
Seymour Pierce Jonathan Wright (Corporate finance) Tom Sheldon (Corporate finance) Richard Redmayne (Corporate broking) Jacqui Briscoe (Corporate broking)
|
+44 (0) 20 7107 8000
|
MHP Nick Denton Vicky Watkins |
+44 (0) 20 3128 8100
|
Related Shares:
Victoria