Trading Statement
January 22 2010 - 10:15AM
UK Regulatory
TIDMPKW
RNS Number : 0141G
Parkwood Holdings PLC
22 January 2010
Parkwood Holdings plc
("Parkwood" or the "Group")
Pre Close Trading Statement
22 January 2010
Parkwood, the specialist support service group, announces that its Preliminary
Results for the year ended 31 December 2009 will be released on or around 22
March 2010.
The Group's Leisure Division continues to trade strongly and will report
an increase in profit compared to the previous year following an increase in
revenue from new contracts. Glendale, the Group's green services division,
experienced difficult trading conditions throughout the year as previously
advised to the market.
On 21 December 2009 the Group announced that it had completed the sale of the
Leisure related PFI investments, which generated a profit of GBP5.5 million.
On 17 August 2009 the Group announced that a subsidiary special purpose company,
Realm Services (DAC) Limited, had been placed into Administration following a
contractual dispute with the Ministry of Defence. The appointment of an
Administrator invoked a 150 day suspension period which has recently been
extended for a short period. A further announcement is expected within the next
few weeks.
For further information, please contact:
Parkwood Holdings PLC
Tony Hewitt, Chairman 01772 627111
Mike Quayle, Group Financial Director 01772 627111
Brewin Dolphin Investment Banking
Neil Baldwin 0845 213 4726
Derrick Lee 0845 213 2077
This information is provided by RNS
The company news service from the London Stock Exchange
END
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