AGM Statement
May 20 2003 - 10:57AM
UK Regulatory
RNS Number:3273L
DRS Data & Research Services PLC
20 May 2003
Annual General Meeting
The Chairman of DRS, Malcolm Brighton, made the following statement at the
Annual General Meeting held yesterday:-
Trading in the current year has been in line with the first quarter of last
year, with the benefit of an increased year-on-year turnover being offset by
increased R&D expenditure and other business development costs. This expenditure
includes further development of our successful Photoscribe scanning series and
continued refinement of an electronic voting system.
Since the year end Pearson's educational testing subsidiary has acquired
Edexcel, one of the companies for whom DRS provides educational services. In the
short term this is not expected to have any significant effect on the company's
trading.
Increased opportunities now being evaluated by the company have led to the
decision to expand the Board to acquire the necessary skills to meet future
plans.
This information is provided by RNS
The company news service from the London Stock Exchange
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