Drings Of Bath PLC - Trading Statement
May 13 1998 - 10:37AM
UK Regulatory
RNS No 4172k
DRINGS OF BATH PLC
13th May 1998
DRINGS OF BATH PLC
Following the analysts report issued on 17th April 1998, the Board announces
that the trading performance has continued to be below expectations. Turnover
in their construction related business has continued to be particularly badly
hit by a short term collapse in demand which is believed to affect others in
this industry. While longer term demand should be buoyant, Drings will
continue to be affected in the short to medium term.
Accordingly, the directors expectations are that trading in the year will
result in a small loss, or at best, break-even.
Directors are reviewing cost cutting and other measures to alleviate the
impact of this reduction in business.
END
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