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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Airsprung Group | LSE:APG | London | Ordinary Share | GB0000119940 | 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% | 30.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2953U Airsprung Furniture Group PLC 16 January 2004 STOCK EXCHANGE ANNOUNCEMENT Following the announcement made in our interim statement regarding the strategic review of the Bymacks upholstery business, the Board can announce today that it intends to cease manufacturing at the Brimscombe site of Bymacks Limited. Commercially viable elements of the product range will be transferred to other sites within the Group. The transfer of operations is expected to be complete within this current financial year. The cash impact related to the site closure and transfer is not expected to exceed #500,000. Losses at Bymacks in the year to March 2003 were #1.4 million. Losses to the point of commencement of consultation were in the region of #825,000. The Board's action will remove a significant loss-making business from the Group. The Board can also announce today the successful disposal of its surplus facility in Glasgow for the consideration of #475,000, compared with a net book value of #445,000. This information is provided by RNS The company news service from the London Stock Exchange END TSTBLGDBXDBGGSU
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