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INS INSTONE REAL ESTGRP SE

9.25
0.02 (0.22%)
12:25:59 - Realtime Data
Share Name Share Symbol Market Type
INSTONE REAL ESTGRP SE TG:INS Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.22% 9.25 9.24 9.25 9.35 9.25 9.35 925 12:25:59

Trading Statement

31/10/2003 7:00am

UK Regulatory


RNS Number:5230R
Infast Group PLC
31 October 2003


                                TRADING STATEMENT

After weak sales in August and September, current trading continues to fall
significantly below expectations. As a result, the second half profit before tax
and goodwill amortisation is likely to be lower than that of the first.

In addition, exceptional difficulties have recently been experienced in the
management and resourcing process for one large industrial contract. This has
caused costs to be incurred in obtaining substantial amounts of parts at short
notice, as well as delaying the benefit of extra production volumes into one of
our manufacturing facilities. This situation and its related disruption to our
facilities is likely to reduce further the profit expectations for the current
year by approximately #1.1 million.

Cash flow remains positive and a reduction of net debt for the year is expected.
The Directors anticipate maintaining the dividend for the year.

For further information, please contact:

Infast Group plc                                         Tel:  01452 880 500
Robert Sternick, Group Chief Executive

Rawlings Financial PR Limited                            Tel:  01756 770 376
John Rawlings







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

END
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