John Lewis Of Hungerford PLC Trading Update (8762C)
July 01 2016 - 2:00AM
UK Regulatory
TIDMJLH
RNS Number : 8762C
John Lewis Of Hungerford PLC
01 July 2016
John Lewis of Hungerford plc
Trading Update
The Board of John Lewis of Hungerford plc (AIM:JLH) provides the
following update on current trading.
As reported in our Interim Results, we expected that sales for
the third quarter ended 31(st) May 2016 would be around 12.5%
higher than the previous year at GBP1.86 million and we can now
confirm this was the case.
The aggregate of despatched sales at the end of quarter three
and our forward order book stands at GBP6.9 million, a 9.5%
increase over the comparable period last year. The forward order
book represents committed orders for which deposits have been
taken. We consider that this remains the best measure of current
trading although our revenue recognition policy continues to be to
recognise sales at the point orders are despatched. These results
are derived from a comparable showroom estate year-on-year.
The Board expect to conclude the process of appointing a new
independent non-executive director by the end of this financial
year.
Enquiries:
John Lewis of Hungerford plc
John Lewis 01235 774300
Smith & Williamson Corporate Finance
Limited
Martyn Fraser 0117 376 2213
This information is provided by RNS
The company news service from the London Stock Exchange
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