RNS Number:1494E
Luminar PLC
20 September 2007





Luminar Plc

("Luminar" or the "Company")



Trading Statement


Luminar Plc ("the Company") the UK's leading destination entertainment business
is pleased to report that the expansion and growth of the branded destination
business is progressing well and trading performance for the half year ended
31st August 2007 has been satisfactory.


We have continued to enjoy the positive trend in the Branded Dancing Division
with like for like sales 13.4% ahead. Overall company like for like sales
improved 4.1% for the half year ended 31st August 2007. As anticipated gross
margins have fallen to a level slightly below last year due to the tactical
promotional investments made during the quieter summer months of July and
August.


As part of the company's commitment to return cash to shareholders, the company
has acquired 1,815,422 shares for cancellation representing #13.3m in cash and
over 2% of the issued share capital.   This was carried out predominantly
between May and July 2007.


The Scheme of Arrangement, to enable a further return of capital to shareholders
is progressing to plan and is expected to be effective in October 2007.


During the second half of the financial year the company will continue to focus
on its core strategy.  The company is implementing clear operational plans for
the key trading periods and the 2007/8 opening programme remains on track.  At
this early stage the Board continues to be optimistic of the outlook for the
year as a whole.


The Company will report its interim results for the period ended 31st August
2007 on 30th October 2007.



                                                               20 September 2007




Luminar plc
Stephen Thomas, Chief Executive            020 7457 2020
Nick Beighton, Finance Director            01908 544100

College Hill
Matthew Smallwood                          020 7457 2020






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

TSTGUUGCBUPMGMB

Luminar Group (LSE:LMR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Luminar Group Charts.
Luminar Group (LSE:LMR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Luminar Group Charts.