Jourdan PLC - Trading Statement
RNS Number:3822B
Jourdan PLC
11 April 2006
11 April 2006
Jourdan plc
Trading Update
The Board of Jourdan plc ('Jourdan' or the 'Group'), whose operating companies
include Suncrest Surrounds, John Corby, Westfield Medical, and Nelsons Labels,
is pleased to announce an update to trading for the current year to 30 June
2006.
The Board has been encouraged by the signs of momentum and level of orders
across each of the Group's businesses. The integration of the combined Suncrest
and Corby operations has continued with positive signs in terms of level of
sales and improved profitability across both businesses. The performance of
Westfield Medical has been particularly strong and is expected to continue for
the remainder of the second half. Following a poor first half result for
Nelsons Labels, this business has managed to achieve significant cost
efficiencies and Jourdan looks forward to reporting improved profitability for
Nelsons for the six months to 30 June 2006.
Despite a continuation of challenging trading conditions for Jourdan's
businesses highlighted in the Interim Results announcement of 17 February 2006,
trading in February and March has been above expectations and the Board now
anticipates that earnings for the second half will be greater than Budget and
the comparable period last year. With this improved trading performance in the
second half, the Board expects that the full year results to 30 June 2006 will
be in excess of current market expectations and anticipates the resumption of
dividend payments, with a final dividend for the year to 30 June 2006.
Enquiries:
David Abell 01476 403 456
Chairman
Jourdan plc
Russell Cook 020 7953 2000
Charles Stanley Securities
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTGUUWPCUPQGAG