1st Jul 2005 07:00
Dickinson Legg Group PLC01 July 2005 Dickinson Legg Group PLC Trading Update Spooner Leasehold property The result for the year ending 30 June 2005 is expected to be marginally aheadof management expectations. Dickinson Legg Ltd and Spooner Industries made goodprogress in the second half year, as anticipated at the time of the interimresults. Order intake for capital equipment at the tobacco business has been slow, but weare encouraged by the quality of enquiries for both tobacco and air dryingproducts. Nonetheless, until a number of these enquiries are converted intoorders, trading will continue to be difficult and the outlook for theforthcoming year uncertain. Agreement has been reached with the Landlord of the leasehold premises occupiedby Spooner Industries in Ilkley, West Yorkshire, to vacate the current premiseswithin two years. The agreement provides for Spooner to have purpose builtfreehold premises on an adjacent site, through a combination of land and cashworth circa £3.8 million. Payment will be received over a two year period. TheCompany will benefit from a one time exceptional profit of approximately £3.3million in this financial year. For further information contact: Dickinson Leg g Group PLC 01962 841788Tom Mackie, Chief ExecutiveDavid Heath, Finance Director Rowan Dartington 0117 9330010Barrie Newton This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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