20th Jul 2005 07:01
Charles Taylor Consulting PLC19 July 2005 Charles Taylor Consulting plc20 July 2005 Charles Taylor Consulting Plc Trading Update Ahead of entering its close period the board of Charles Taylor Consulting plc(the "Company") provides the following update. Trading The Mutual Management business has, overall, been in line with managementexpectations and trading within the Services business in the six months ended 30June 2005 has been ahead of budget. Within Services, Marine and Aviation havebeen subdued, but this has been more than compensated for by the performance ofour Energy and Non-marine adjusting businesses. International Accounting Standards A full review is in progress to assess the impact of International AccountingStandards. An additional annual charge to the profit and loss account ofapproximately £1m is likely in relation to pensions under IAS19. Foreign Exchange The company has not benefited from the stronger dollar in the six months ended30 June 2005. However the group's results are likely to be positively affectedby a stronger US$/£ exchange rate in the medium term. Interim results It is anticipated that the interim results for the period ended 30th June 2005will be announced on 26th September 2005. Enquiries Charles Taylor Consulting plc Tel: 020 7759 4955John Rowe This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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