Trading update (3143R)

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RNS Number : 3143R

Mobile Doctors Group Plc

02 November 2011

Mobile Doctors Group PLC

("Mobile Doctors" or "the Company")

Trading update

The Board of Mobile Doctors confirms that trading to date for the second half of 2011 has continued to be positive and that the year as a whole is on course for a strong financial performance despite challenging market conditions. However, due to market circumstances beyond its control, the Company will no longer be processing as much work for one of its most significant clients as from the early part of the calendar year 2012. This will have no impact on the Company for the financial year ending 30 November 2011 and the management team is confident of signing new business within its existing product lines to replace this business during the next financial year.

Following the acquisition by Quindell Portfolio Plc of approximately 21.1% of Mobile Doctors, we feel that this will enhance our position within the area of medico-legal reporting and leverage our brand beyond its current product lines. Management believe that Quindell can be instrumental in helping us make this possible, ultimately benefiting all of our shareholders.

The Company still expects to launch its new consumer product offering private GP services, in which it has continued to invest significantly during this year, in the first quarter of 2012.

Enquiries:

 
 Mobile Doctors Group PLC 
------------------------------  ------------------- 
 Matthew Game, Chief Executive   Tel: [phone] 
  Officer 
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 Daniel Stewart & Company PLC    Tel: [phone] 
  (Nomad & Broker) 
  Paul Shackleton 
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Notes to Editors:

   --     Mobile Doctors, established in 1989, has grown organically to become one of the leading suppliers of medico-legal reports for personal injury claims in the UK. It provides independent and objective medical evidence via a national panel of medical experts and therapists. 
   --     Mobile Doctors has a database of approximately 2,500 medical experts covering many areas of the UK and currently provides approximately 67,000 reports out of approximately 600,000 reports required annually. 

-- In addition to its core medical report service, Mobile Doctors also provides ancillary services such as arranging MRI scans, X-Rays, CT scans, and ultrasounds and rehabilitation services such as physiotherapy, hospital treatment and cognitive-behavioural-therapy.

   --     Mobile Doctors Group PLC listed on AIM on 18 July 2007 

This information is provided by RNS

The company news service from the London Stock Exchange

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