MKM GROUP PLC - Trading Update
April 06 2005 - 3:00AM
PR Newswire (US)
MKM GROUP PLC - Trading Update Immediate Release: 6 April 2005 MKM
GROUP PLC ("MKM" or "the Company") TRADING UPDATE The board of MKM
Group Plc, the travel promotions company, is issuing the following
trading statement post the end of the financial year on 31st March
2005. In the trading update issued in January 2005 it was stated
that a further announcement would be made when the impact of the
Cruise promotion could be quantified. At present the impact cannot
be finally quantified as negotiations are continuing with the
Express Newspapers (the client involved in the cruise promotion.)
However, the board is continuing to work towards a resolution to
the dispute, in an attempt to avoid any litigation. The board can
confirm that the results for the year ended 31st March 2005 will
show a substantial loss. The Company however is continuing to win
new business and subject to resolution of the dispute detailed
above should have an improving financial performance in the future.
For further information, please contact Mark Koch on 0161 606 0733.
END DATASOURCE: MKM GROUP PLC
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