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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mkm Group | LSE:MKM | London | Ordinary Share | GB00B013MJ08 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMKM RNS Number : 3467Q MKM Group PLC 08 April 2009 MKM GROUP PLC Trading Update MKM Group plc ("MKM" or the "Company") today announces an update on trading for the Company's financial year to 31 March 2009. In December 2008, in our interim report, we announced that a fundamental review of the Australian business was to be completed that would include the consideration of radical restructuring options. Today we announce that the Group's Australian operations will now trade through "Salad Marketing Pty Ltd" a wholly owned subsidiary of the Group. The remaining Australian subsidiaries will cease to trade with immediate effect. This restructuring will seek to try and protect the majority of the Group's Australian obligations and its employees. The restructuring will lead to lower levels of turnover within Australia but will also reduce the need for further support to be provided from the Group. Trading in the UK has continued on the upward trend stated within our interim report and we expect to report growth in UK turnover for the final 6 months of approximately 15% versus the same period a year ago. In particular, the reaction from current and potential clients to the Airport Angel product has been very strong and Airport Angel, coupled with current new product development, could represent a strong platform for future sustainable profitable growth. This ongoing product development is in line with the stated focus of continuing to secure long-term annuity accounts, which are typically contracted for 3 to 4 years. This focus will create improved earnings visibility. We will continue to develop our heritage product of short term tactical promotions which have seen some renewed activity in recent weeks. The Board remains committed to its growth strategy and is cautiously optimistic about the longer term prospects for the business. For further information, please contact: +----------------------------------------------+-------------------------+ | MKM Group Plc | T: 0161 877 1112 | | Brian Smillie, Chief Executive | | | Matthew Toynton, Finance Director | | | | | +----------------------------------------------+-------------------------+ | WH Ireland Limited | T: 0161 832 2174 | | David Youngman/Robin Gwyn | | | | | +----------------------------------------------+-------------------------+ This information is provided by RNS The company news service from the London Stock Exchange END TSTKGGGDLRDGLZG
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