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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jourdan | LSE:JDR | London | Ordinary Share | GB00B0STXK93 | ORD GBP1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 200.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2936P Jourdan PLC 04 March 2008 Embargoed for 2.00pm on 4 March 2008 Jourdan plc ("Jourdan" or the "Company") Trading update and Business Restructuring Jourdan's results for the six months to 31 December 2007 will be announced in the week commencing 10 March 2008. As indicated at the Company's AGM on 24 October trading in the current financial year has varied across the group although the Company is expected to report that further progress has been made and this will be reflected in the interim results. At the Company's AGM, Chairman David Abell stated that after a strong first quarter "order intake for those businesses affected by the high street were proving disappointing. Suncrest relies for a large part of its business on house building and construction where order intake has been particularly poor." As a result of continuing poor trading at its Suncrest subsidiary, and in particular, the cancellation of a significant order by Suncrest's major customer, the board announces that it proposes to downsize the business at its Peterlee facility so as to discontinue the mantelpiece, electric suites and fire operations and focus Suncrest's operations on the Corby trouser press business. The Company is consulting with its workforce in this regard and contemplates that the balance of the business will be transferred from the leasehold factory in Peterlee to adjacent premises owned by Jourdan. As a consequence, the Company anticipates that a substantial non-recurring provision will be required in the second half year to 30 June 2008. Jourdan's medical packaging businesses, Westfield Medical Ltd ("Westfield") and Clinipak Ltd ("Clinipak") continue to prosper with sales and profits ahead of both budget and up on last year. More emphasis will be placed on the expansion of Westfield and Clinipak. The first phase of this expansion will be Clinipak's move to new, larger premises within a few miles of its existing site at Bourne End. Enquiries: Jourdan plc 01476 403456 David Abell, Chairman Charles Stanley Securities 020 7149 6000 Nominated Adviser Russell Cook / Carl Holmes This information is provided by RNS The company news service from the London Stock Exchange END TSTUUUBPWUPRGUC
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