Caffyns PLC
04 March 2005
Caffyns plc ("the Company")
4 March 2005
Trading update
While the Company's profitability for the second half of the financial year
ending 31 March 2005 relies on trading in the important month of March, the
Board anticipates that profits before tax and exceptional items for the second
half of the current financial year will be lower than those achieved in the
first half.
The Company sells predominantly to individual consumers as opposed to the fleet
sector. There has been a reduction in demand in this market and this has been
reflected in the Company's performance. In addition, investment in enhancing
existing facilities has caused some disruption. However, it is considered that
the Company is well placed to benefit from such investment in the future, as
well as from recent acquisitions which have improved the balance of the
Company's brand representation.
It is expected that the preliminary announcement of the annual results for the
year ending 31 March 2005 will be made on 27 May 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
04 March 2005
Caffyns plc ("the Company")
4 March 2005
Trading update
While the Company's profitability for the second half of the financial year
ending 31 March 2005 relies on trading in the important month of March, the
Board anticipates that profits before tax and exceptional items for the second
half of the current financial year will be lower than those achieved in the
first half.
The Company sells predominantly to individual consumers as opposed to the fleet
sector. There has been a reduction in demand in this market and this has been
reflected in the Company's performance. In addition, investment in enhancing
existing facilities has caused some disruption. However, it is considered that
the Company is well placed to benefit from such investment in the future, as
well as from recent acquisitions which have improved the balance of the
Company's brand representation.
It is expected that the preliminary announcement of the annual results for the
year ending 31 March 2005 will be made on 27 May 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
