Dewhurst PLC Trading Update (0344P)
November 14 2016 - 2:00AM
UK Regulatory
TIDMDWHT
RNS Number : 0344P
Dewhurst PLC
14 November 2016
Dewhurst PLC
(the "Company")
Trading Update
Dewhurst plc, an independent supplier of quality components to
the lift, keypad and transport industries, is pleased to provide a
trading update for the financial year ended 30 September 2016
("FY16").
The recovery reported by the Company on 30 August 2016 continued
through the fourth quarter of FY16 and whilst seasonal effects mean
the Company's second half is traditionally stronger than the first
half, the effect in FY16 has been greater than usual.
A significant proportion of Dewhurst's sales and earnings are
generated in foreign currencies and the depreciation of pound
sterling during FY16 has continued to benefit Dewhurst's reported
sales and profits. Accordingly, the Board currently expect Group
revenues for FY16 to exceed GBP47.0 million with a positive impact
on profits compared with current market expectations.
The Company expects to announce its preliminary results for FY16
by mid-December 2016.
- Ends -
For further details please contact:
Dewhurst Plc Tel: +44 (0) 208 744
Richard Dewhurst, Chairman 8200
Jared Sinclair, Finance Director
Cantor Fitzgerald Europe Tel: +44 (0) 207 894
David Foreman / Will Goode (Corporate 7000
Finance)
David Banks (Sales)
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon publication of
this announcement, this information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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