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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pittards Plc | LSE:PTD | London | Ordinary Share | GB00BM8NGB73 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.375 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPTD
RNS Number : 4938T
Pittards PLC
13 October 2017
Pittards plc
("Pittards" or "the Company")
Ethiopian Currency Devaluation
Pittards plc, the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors notes that with effect 11 October 2017 the Ethiopian Government has devalued its currency by 15%.
The devaluation in the currency will have no adverse effects on the Company's trading performance although there will be some adverse balance sheet adjustments arising on the consolidation of the Ethiopian assets at the year end. It is currently estimated that these adjustments will amount to approximately GBP1 million.
In overall terms this is a positive development for Pittards plc as the devaluation will make its operations in Ethiopia more competitive.
For further information please contact:
Pittards plc www.pittards.com Stephen Yapp, Chairman Reg Hankey, CEO +44 (0) 1935 474 321 Matt O'Rourke, CFO WH Ireland Limited www.whirelandplc.com Mike Coe/Ed Allsopp +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKBDBABDDNKD
(END) Dow Jones Newswires
October 13, 2017 02:00 ET (06:00 GMT)
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