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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Robert Wiseman | LSE:RWD | London | Ordinary Share | GB0007442014 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 389.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7471P Robert Wiseman Dairies PLC 15 September 2003 15 September 2003 ROBERT WISEMAN DAIRIES PLC PRE CLOSE TRADING UPDATE In accordance with its usual practice, Robert Wiseman Dairies will meet a group of analysts today ahead of its half year-end on 27 September 2003. At this meeting Group Finance Director, Billy Keane, will give the following update on current trading: "The Company's sales volumes and turnover for the half-year ending 27 September 2003 are in line with forecasts and the Company remains confident it will deliver satisfactory results for the full year. The #7.2 million expansion of our Droitwich Spa facility will complete on schedule in October 2003, increasing capacity from 350 to 500 million litres per annum. This will give the Company a platform from which it can continue to grow. We are confident this capacity will be successfully utilised by a combination of anticipated market growth, as the doorstep market continues to decline with a corresponding increase in the multiple retailer sector, and new store allocations from our customers. The new contracts with Tesco and J Sainsbury, which commenced in April, have started positively. In addition, new business with Somerfield and Iceland/Booker also started as planned during the last few months. Bulk cream selling prices remain firm and are well ahead of the same period last year. A generic advertising campaign to help boost liquid milk consumption in Scotland is now underway, based on the excellent campaign run in the USA and involves artists such as Atomic Kitten and Big Brother winner, Cameron. We remain optimistic that milk prices will continue their steady recovery and we were delighted to be able to further increase the price paid to our milk suppliers on 1 July, maintaining our place as the top paying major dairy company. We will review our price again on 1 October in the light of market conditions, but are hopeful there will be a further rise in price to our milk suppliers. We await, with interest, the outcome of Competition Commission Inquiries into both the proposed takeover of Express Dairies by Arla Foods and the possible acquisition of Safeway by one or other of the interested parties. We are confident that, whatever the outcome of these Inquiries, we are well placed to take advantage of any opportunities that may arise." The Company's interim results will be announced on Tuesday, 2 December 2003. Ends For further information please contact: Weber Shandwick Square Mile Peter Corbin Tel: 020 7067 0700 Hatch Group Graeme Jack Tel: 0141 333 6440 / 07900 430269 This information is provided by RNS The company news service from the London Stock Exchange END TSTDGGMLRKRGFZG
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