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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adl | LSE:AD. | London | Ordinary Share | GB0005739999 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
ADL plc ADL, the owner and operator of residential care homes, announces that trading in the six months to 31 March 2007 has not been as robust as it was in the first half of the year. In addition, the Company has incurred a number of non-recurrent costs, principally in connection with refinancing its secured loan facilities (as reported in the interim accounts); losses incurred in the rundown and closure of Nightingale Nursing Home (subsequently sold at book value); termination payments to a former director and exceptional legal costs in relation to the ongoing inquiry into the Company's Newsham House care home in Gloucester. The aggregate amount of these non-recurring costs is currently £255,932. As a result ADL should report an overall operating profit for the year which is below management expectations. However underlying trading in the homes remains satisfactory and the Group is currently achieving average occupancy levels of 86 per cent Enquiries; Jeremy Davies, Managing Director, ADL plc: 07860 717 458 John Wakefield, Director, Blue Oar Securities Plc: 0117 9330020 END
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