Pre-Close Trading Update
June 30 2005 - 3:10AM
UK Regulatory
RNS Number:2574O
White Young Green PLC
30 June 2005
For Immediate Release 30 June 2005
WHITE YOUNG GREEN PLC
PRE-CLOSE PERIOD TRADING UPDATE
White Young Green Plc ("WYG"), consultant to the built, natural and social
environment, is pleased to provide this pre-close period trading update for the
financial year ending 30th June, 2005. This statement confirms important new
contract awards, the continued success of recent acquisitions, including IMC
Consulting, and a further strengthening of the order book.
Market conditions continue to be favourable and the Group expects profit before
tax and goodwill amortisation for the year to 30th June, 2005, to be
significantly ahead of the same period last year and in line with current market
expectations.
Recent contract wins provide further visibility of future earnings with order
book now equivalent to more than two years net turnover at #230m, an increase of
15% on this time last year. Major projects awarded to WYG in the period since
the announcement of interim results on 1st March 2005 include the following:-
* A Euro10m EU funded contract secured by IMC Consulting to manage the
modernisation of municipal administration throughout Syria utilising, for the
first time, many of WYG's traditional infrastructure, environmental and
property related skills. The project focuses on strengthening the role,
responsibility and capacity of local government in Syria in areas such as
urban planning, property management, public-private partnerships, economic
development, integrated public transport strategies, solid waste management
and sustainability policies. It applies best practice from across Europe to
six pilot cities over an initial 42 month delivery period. As a consequence
of this and other project wins the order book for IMC Consulting has increased
from #21m at the time of acquisition to its current position of more than #36m.
* An appointment by the University of York to provide wide ranging project
management, environmental, engineering and other masterplanning services
associated with a new #500m campus on the 70 hectare Heslington site. WYG's
duties on the project include the preparation of a detailed infrastructure
design guide for the development which will address issues such as
sustainability, utility services provision, building services strategy, energy
management, landscape design and risk management. First occupancy on the site,
which will house 7,400 students and staff, is scheduled for 2008.
* A four year framework contract to provide town planning consultancy
services to the South West of England Regional Development Agency (SWRDA).
Services to be provided under the commission will be wide ranging and will
include advice on specific major development proposals, through planning
application and planning policy work to the presentation of public enquiry
evidence on behalf of SWRDA.
Further details of these and other recent successes will be provided when the
Group announces its preliminary results on 27th September, 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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