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HTD Huntingdon Life

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Share Name Share Symbol Market Type Share ISIN Share Description
Huntingdon Life LSE:HTD London Ordinary Share GB0004481163 ORD 5P(EX-ENTITLEMENT)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Huntingdon Life - Trading Statement

01/07/1997 3:30pm

UK Regulatory


RNS No 7902q
HUNTINGDON LIFE SCIENCES GROUP PLC
1st July 1997


              Huntingdon Life Sciences Group plc
                        ("Huntingdon")
                          (SEAQ-HTD)
               Pre-tax Profit Below Expectations
                               
Huntingdon announces that it expects to report a small loss on
ordinary activities before taxation in the half year ending
June 30, 1997 (1996 profit #2.6 million) after charging:

-    Exceptional costs of about #1 million in relation to
     management changes, advisers' fees, additional marketing
     expenses and study costs arising from Huntingdon's
     response to allegations from animal rights groups.

-    Translation costs of approximately #0.6 million (1996
     nil) arising on consolidation of the 7+% Convertible
     Capital Bonds.

Profit on ordinary activities before taxation in the 12 months
ending 31 December 1997 is expected to be substantially below
1996 profits of #9.4 million because:

-    Monthly new orders of #4-5 million have recently
     been below  Huntingdon's expectations.

-    Marketing programmes to increase new orders in certain
     services which under-performed in the first quarter
     have been negatively impacted by the allegations.

Christopher Cliffe, Chief Executive, commented:

"Investigations into allegations from animal rights groups
were completed some time ago and considerable management
effort has been devoted to keeping clients informed and to
retaining clients' confidence by the introduction of enhanced
managerial controls. We expect that these efforts coupled with
various marketing initiatives will increasingly be supported
by clients and Huntingdon will return to profit in 1997.

Contact:  P Dawes, Group Company Secretary
          Huntingdon Life Sciences Group plc
          Woolley Road
          Alconbury
          Huntingdon
          Cambs PE17 5HS

          Telephone No: 01480 892100


END


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