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AD. Adl

50.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
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

Trading Statement

11/05/2007 11:30am

UK Regulatory


    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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