Chairman's AGM Comments
May 21 2002 - 7:45AM
UK Regulatory
RNS Number:2032W
Metalrax Group PLC
21 May 2002
Profit increase for Metalrax Group in first four months
The annual report presented to the meeting highlighted the
achievement of record sales figures. Mr Eric Moore, chairman,
said "Shareholders will be pleased to know that sales have
continued to run at record levels.
"During the first four months of 2002 group pre-tax profit has
shown a significant increase compared with the equivalent
period last year.
"Our healthy cash resources provide scope for further
opportunities to expand capacity by pursuing new business and
product development, alongside the selective acquisition of
compatible companies.
"Orders on hand remain at satisfactory levels, and subject to
the stability of global economic conditions , we are looking to
the future with cautious optimism".
Further information: Mr Eric Moore, chairman - Tel: 0121-433 3444
This information is provided by RNS
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