FBH Fbd Holdings Plc

RNS Number:1177F
FBD Holdings PLC
26 June 2006



                              PUBLIC ANNOUNCEMENT



                               FBD HOLDINGS PLC

                           ("FBD" or the "the Group")



                          PRE-CLOSE TRADING STATEMENT

                        FOR HALF YEAR TO 30TH JUNE 2006









FBD Holdings plc has maintained its trading momentum in the year to date and is
on course to achieve its operating profit target for the half year to 30th June
2006.



Our Insurance Underwriting performance is somewhat ahead of budget.   Policy
growth has continued to be strong and premium income levels are budget positive.
   Claims and other costs are running at anticipated levels.



As regards income from other activities, our Property, Hotel, Leisure and
Financial Services businesses are performing to expectations.   The downturn in
capital markets in recent times has impacted adversely on returns from our
Capital Fund.



Profit before tax will benefit substantially from the recent sale of land at La
Cala, Mijas, Spain, as reported in our announcement of 22nd June 2006.  The
decline in capital markets,  referred to above,  has had a negative effect on
our short term fluctuations in investment returns, and consequently on pre-tax
profit.



In relation to full year operating earnings, we remain comfortable with market
expectations.



The Group's interim results are scheduled to be announced on Wednesday, 6th
September 2006.





Ends
                                         26th June 2006





For Reference:
                                 Telephone No



FBD

Philip Fitzsimons                                    Chief Executive
                 00 - 353 - 1 - 4093208



Andrew Langford                                 Finance Director
              00 - 353 - 1 - 4093208



Murray Consultants

Joe Murray
                         00 - 353 - 1 - 4980300









This announcement has been issued through the Companies Announcement Service of



                            The Irish Stock Exchange






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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