Share Name Share Symbol Market Type Share ISIN Share Description
Jaywing Plc LSE:JWNG London Ordinary Share GB00BF5KDY46 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.25p 5.50p 7.00p 6.25p 6.25p 6.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 47.5 -1.2 -1.3 - 6

Jaywing PLC Trading Statement

10/07/2019 11:37am

UK Regulatory (RNS & others)


TIDMJWNG

RNS Number : 1068F

Jaywing PLC

10 July 2019

Information contained within this announcement was deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

   Date:                   10 July 2019 
   On behalf of:     Jaywing plc (the "Company") 

Jaywing plc

("Jaywing" or the "Company")

Trading update

The Company is intending to publish its preliminary results for the year to 31 March 2019 before the end of August 2019. These are expected to report EBITDA in line with market expectations.

However, trading in the first quarter of this financial year has been very weak. With the heightened political and economic uncertainty, many clients are focused on the short term and where their spend is discretionary, it is running at a level well below that seen in previous years. So, even at this relatively early stage in the year and with a significant amount (typically 50%) of revenues being recurring, it is unlikely that the current year's profit will match last year's.

Enquiries:

Jaywing plc (www.jaywingplc.com)

Michael Sprot (Company Secretary)

Tel: 0114 281 1200

Cenkos Securities plc

Nicholas Wells/Callum Davidson (Nominated Adviser)

Tel: 0207 397 8900

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 10, 2019 06:37 ET (10:37 GMT)

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