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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Faces Cosmetics | LSE:FCE | London | Ordinary Share | GB00B1CKTQ32 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
FACES COSMETICS PLC ("FACES COSMETICS" OR THE "COMPANY") TRADING STATEMENT On 17 July 2007, the Board of Faces Cosmetics, the Canadian branded cosmetics, skin care and anti-aging products business, announced that the trading performance for the year ending 31 July 2007 was likely to be below market expectations. The Board now announces, as part of the current audit process, that it expects there to be adjustments relating to the treatment of costs of restructuring and the raising of pre IPO funds, the reclassification of items previously capitalised and the valuation of trading stock, some of which are of a non-recurring and exceptional nature, which are likely to result in the Company reporting a significant loss for the year. As previously announced, the Company has recently concluded a £5 million equity funding which will be utilised to build upon the infrastructure and accelerate growth in established markets as well as in the Middle East and India. The Board remains confident that the Company's strategy and business model is robust and will prove successful in the medium term. For further information, please contact: Faces Cosmetics Ramesh Jolly President and CEO +1(905) 760 0110 Ext.112 www.faces-cosmetics.com Nominated Adviser to Faces Cosmetics City Financial Associates Limited Ross Andrews +44 (0) 20 7492 4777 END
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