24th Mar 2009 10:30
Sutton Harbour Holdings plc (the "Company" or "Group")
Trading Update
As reported in our announcement of 12 March 2009 recognition of revenues anticipated in the second half of the financial year was subject to possible delay. The Company announces that this delay will now occur in relation to a principal regeneration project and the Board now expects these revenues to be recognised in the financial year ended 31 March 2010. Whilst there are no further expected changes in relation to the results of the transport and marine divisions, the delay referred to above will mean a loss before tax will be incurred before consideration of revaluation adjustments by the Group for the year ending 31 March 2009.
24 March 2009
Enquiries:
Natasha Gadsdon,
Sutton Harbour Holdings plc +44 (0)175 220 4710
Bobbie Hilliam,
Evolution Securities +44 (0)20 7071 4300
Related Shares:
Sutton Harbour Holdings