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LBT Lbt Innovations Limited

0.017
0.00 (0.00%)
04 Feb 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Lbt Innovations Limited ASX:LBT Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.017 0.017 0.018 0.00 00:00:00

Trading Statement

09/01/2004 12:29pm

UK Regulatory


RNS Number:0596U
Lloyds British Testing PLC
09 January 2004

                         Lloyds British Testing plc
                              ("the Company")

                               Trading Update

In my review issued with the Interim Accounts dated 24 September 2003 I stated
"whilst it is unlikely that the Company will meet its original projections for
the year ended 31st December 2003, unless there is a significant and sustained
improvement in the sector as a whole in the near future, the profit before tax
for this year will not be significantly ahead of 2002."

Sadly there has been no "significant and sustained improvement" in the sector;
it was not possible to complete the disposal of the Powered Access Division and
turnover in the last two months of the financial year in the Support Services
Division has been below the Board's expectations.  Support Services is highly
operationally geared, and a small reduction in turnover results in a
disproportionately large reduction in operating profit

The Board anticipates that the profit before tax and amortisation for the year
ended 31st December 2003 will be not less than #550,000, which is below current
market expectations.

The Directors are taking the appropriate action to improve profitability and
remain confident for the future.  It is the Board's intention to recommend a
final dividend of not less than 0.25p per ordinary share (2002 0.25p) in
addition to the maiden interim dividend of 0.15p already paid.

The Board anticipate that preliminary results for the year ended 31st December
2003 will be announced before the end of April and that the final dividend will
be paid in August 2004.


Brian Ralley
Non Executive Chairman

Contact:- Brian Ralley, Non Executive Chairman       Tel:  0870 197 5500
Issued by:- Richard Robinson, Marshall Robinson Roe  Tel:  020 7960 6007

9 January 2004


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

END
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