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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Churchill Downs Inc | TG:CHR | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 3.12% | 132.00 | 129.00 | 133.00 | 0.00 | 22:50:15 |
RNS Number:0778U Chelford Group PLC 12 January 2004 FOR IMMEDIATE RELEASE 12 January 2004 Chelford Group plc PERIOD-END TRADING UPDATE Chelford Group plc ("Chelford"), the IT supply chain software and services company, today provides an update on its performance for the year to 31 December 2003. Chelford has made good progress in 2003, achieving a significant improvement over the preceding year. The market has remained challenging throughout the year but is now expected to move forward more strongly in 2004. The SSI Division has been profitable for the whole year and Chelford SAP Solutions achieved profitability in the second half of 2003. As a result, Chelford will have achieved a profit before tax and goodwill amortisation for 2003 as a whole. Moreover, cash flow in the second half was positive and Chelford has ended the year with net cash of #1.35 million (2002 : #1.07 million). 2004 has started well, with order intake during the closing weeks of 2003 strong within both the SSI and SAP Solutions divisions. Contracted orders already account for some 70% of Chelford's operating costs for the coming year. Trevor Lewis, Chelford's Chief Executive, stated : "After a challenging 2003, our marketplace appears to be stabilising and the time needed to convert potential orders into signed contracts is becoming noticeably shorter. An improved order pipeline within both the SSI and SAP divisions together with the strong order intake in recent weeks gives us increased confidence for our 2004 financial year." Chelford expects to announce its results for the year to 31 December 2003 in mid-March 2004. About Chelford Chelford Group plc is based in Basingstoke, Hampshire, and its shares are quoted on AIM (stock code: CHR). Chelford has two principal operating divisions. SSI is a developer and vendor of supply chain solutions based on its Tropos product suite which is sold mainly to mid-sized corporate customers. Chelford SAP Solutions is a SAP product value-added reseller and is ranked second in the UK. For further information, please contact: Trevor Lewis, Chief Executive 01256-685400 Steve Liebmann, Bankside 020-7444-4163 or 07802-888159 This information is provided by RNS The company news service from the London Stock Exchange END TSTQKLFBZFBFBBK
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