JRVS Jarvis

RNS Number:8850U
Jarvis PLC
30 November 2005


                                   Jarvis plc

Jarvis plc advises that the Interim Results released this morning include a
summary page which incorrectly reflects the restatement of the comparative 2004
results shown in IFRS format. The figures contained in the body of the
announcement are correct.

A corrected summary sheet is shown below.

                                   Jarvis plc
     Unaudited Interim results for the half-year ended 30th September 2005

Summary

   *Financial restructure completed with net debt at #6.2m

    (2004: #241.9m)

   *Operating profit* of #6.2m (2004: loss of #49.5m), in line with
    expectations


   *Headline loss caused solely by non-cash costs relating to restructuring


   *Operating margin of 5.4% in line with projections for next year


   *Solid margins in Rail and Plant, but slower turnaround in Roads


   *Turnover down to #204.0m (2004: #299.0m) largely as a result of exit from
    Construction and most Highways Maintenance and delays to rail projects

   *Construction projects near completion and improved control of the
    Facilities Management business

* Before non recurring items

Commenting on the announcement, Steve Norris, Chairman, said:

"We have witnessed over the last 12 months a rare combination of a complicated
financial restructuring and a major operational turnaround at the same time.

I am particularly pleased to report a return to operating profit. The Rail and
Plant business has delivered to its leading customer significant improvements in
safety, productivity, timescales and costs. The Roads business has recovered to
break even before allocation of central costs and the Board is confident that we
shall see a return to profit in the relatively short term."

For further information, please contact:

Merlin PR                     020 7653 6620
Paul Downes                   07900 244888
Bridget Fury                  07941 085506


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

END
IR VBLBXEFBXFBZ

Jarvis (LSE:JRVS)
Historical Stock Chart
From Sep 2024 to Oct 2024

Jarvis (LSE:JRVS)
Historical Stock Chart
From Oct 2023 to Oct 2024