Trading Statement

    RNS Number : 9788A
  Plant Offshore Group Ltd
  08 August 2008
   
         
    Plant Offshore Group Limited 

Trading Statement


    Plant Offshore Group Limited ("POGL" or "the Company" or "the Group"), an AIM quoted company that provides Engineering, Procurement and
Construction Management ("EPCM") services to the oil and gas, renewable energy and related industries, today announces a trading statement
ahead of the announcement of its interim results for the six months ended 30 June 2008. 
    After a strong performance in 2007, the Group has experienced challenging market conditions in the first half of 2008, which will result
in profits for the six months ended 30 June 2008 being behind market expectations. Turnover has been affected by the general weak global
market conditions whilst the rising cost of materials has squeezed the Group's profit margins. However, barring any unforeseen
circumstances, the Group should still report a profit for the six month period.

    Some of the Group's existing projects have been delayed, due to changes in the client's design specifications and requirements, whilst
the award of new contracts are taking longer than normal. Despite these challenges and the much publicised state of the global economy, the
Directors remain cautiously optimistic that they can use their vast experience and technical knowledge to secure further contracts during
this difficult period.

    A date for publication of the interim results will be announced in due course.


    For further information:

    Plant Offshore Group Limited
Mr. Hang Chin Juan, CEO                               Tel: [phone]
[e-mail]                             www.plantoffshore.com

    Hoodless Brennan plc
Luke Cairns, Director, Corporate Finance        Tel: [phone]
[e-mail]                         www.hbcorporate.co.uk

    Threadneedle Communications
Josh Royston / Graham Herring                        Tel: [phone]


    About POGL:
    POGL is the holding company of an established and profitable group of companies engaged in the business of providing integrated,
multi-discipline EPCM services to the oil and gas (onshore and offshore), petrochemical, biodiesel, energy and other related industries
predominantly through its wholly-owned subsidiary, POC. The Group operates primarily in the ASEAN region but this focus is expanding, with
the Group having won contracts in the Middle East. The services of POC are focused on EPCM services. This is broken down and incorporates
the following features:

    * Engineering "E" - specialist engineering design services;

    * Procurement "P" - the procurement of the relevant materials and equipment to meet design specifications such as skid and process
equipment; and

    * Construction Management "CM" - the management on a client's behalf of the construction or fabrication of a project. The services can
be provided, together with more general Project Management, either in totality or partially dependent on the client's requirements. In
addition POC supplies industry specialists to the oil and gas and related industries.

    POGL listed on AIM, a market of the London Stock Exchange, in July 2007. For more information on the company, please visit
www.plantoffshore.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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