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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chloride Grp. | LSE:CHLD | London | Ordinary Share | GB0001952075 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 374.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9039W Chloride Group PLC 25 March 2004 CHLORIDE GROUP PLC TRADING STATEMENT 25 March 2004 Before entering the close period ahead of the announcement of its preliminary results on 27th May 2004, the company is issuing the following statement on current trading in line with its standard practice. After a period of two years' sales decline despite outperforming the overall market, we expect to achieve sales growth for the full year in the order of 7%. This has been achieved despite price pressure in all our markets, driven in part by intense competition for the limited number of available major projects. Overall performance is expected to be in line with current market expectations and ahead of last year, as we continue to reduce costs, grow service revenues and improve product margins. We continue to make significant operational investments in China to build a strong capability to penetrate the growing market for power protection. Our first full year in China is expected to contribute sales of approximately #3 million. We are operating in highly competitive markets. We will therefore maintain our focus on developing in market sectors where we are well positioned, such as health, transport, petrochemicals and financial services, improving efficiency and delivering value to global customers through market leading technology and excellent customer service. Commenting on the statement, Keith Hodgkinson, Chief Executive said: "We are continuing to make good progress in competitive markets. There is an ongoing need to protect mission critical applications in an environment of degrading power quality and reliability. This will continue to drive market growth and our prospects over the longer term." Enquiries: Chloride Group PLC Telephone: 020 7834 5500 Keith Hodgkinson (Chief Executive) Neil Warner (Group Finance Director) Hudson Sandler Telephone: 020 7796 4133 Andrew Hayes/James Hill This information is provided by RNS The company news service from the London Stock Exchange END TSTQZLFLZXBZBBB
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