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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grampian | LSE:GRMP | London | Ordinary Share | GB00B6WZ0930 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 470.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1741Q Grampian Hldgs PLC 18 January 2002 Friday 18 January 2002 Grampian Holdings p.l.c. Extraordinary General Meeting - Trading Update Speaking at today's EGM to approve the proposed return of capital to shareholders and change of name, Sir Donald MacKay, Chairman of Grampian Holdings p.l.c. made the following statement on current trading: "Logistics Despite the slow-down in the economy, and in an increasingly competitive market, the Logistics Division is performing in line with our expectations. Development opportunities in the core warehousing and road distribution operations continue to arise from a combination of organic growth, customer outsourcing and contract re-tendering. We have continued to develop our rail freight operations although these still represent only a small proportion of the Group's overall turnover. Uncertainty surrounding the future of the rail industry, including the administration of Railtrack, however, has adversely impacted confidence levels in the rail network. Recovery of this confidence will be key to realising the full benefits of the Group's substantial recent investment in rail freight activities. Construction Services The Construction Services Division has encountered some volatility in activity levels. Project commencement dates were temporarily delayed during the last quarter of 2001, resulting in a fall in operating levels for plant/tipper hire and contract activity. Accordingly, turnover levels for the full year are likely to be somewhat lower than last year. More encouragingly, the Division has continued to deliver improved operating margins and the start of 2002 has seen a pick-up in orders and strengthening of the order book. Summary Overall, the Group is performing satisfactorily given the difficult conditions facing many of our customers. We are continuing to make progress in improving the quality of the Group's earnings by focusing on better operating margins and containing costs." Enquiries: Sir Donald Mackay, Chairman Mike McGill, Finance Director Grampian Holdings p.l.c. Telephone: 01505 324321 John Bick Holborn Public Relations Telephone: 0207 929 5599 Tom Cassidy Media House Telephone: 0141 226 3700
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