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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Romag | LSE:ROM | London | Ordinary Share | GB0033665729 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMROM RNS Number : 7574T Romag Holdings PLC 04 October 2010 Romag Holdings plc ("Romag" or the "Company") Trading Update 4 October 2010 The Board of Directors is pleased to provide an update regarding our Company announcement dated 19 August 2010. In August, we announced that there had been delays in the supply of certain key materials and delays in sales to customers due to a lack of credit insurance and funding available to those customers. We also announced that a review of photovoltaic-related inventories, in the context of the dynamic market conditions in solar pv, would lead to a write-down in the valuation of certain items and that these factors would lead the Company to report a loss for the year to 30 September 2010. The directors are pleased to report that the issues relating to the supply of key materials have now been resolved and that delays which have held back sales in the year to 30 September 2010, have eased substantially. In addition, our review of inventories is not yet entirely complete, but work to date suggests it will be necessary to write down inventories by cGBP3.5 million. Whilst Romag will report a loss after interest, tax and exceptional items (including the inventory write-down), the directors anticipate reporting a modest profit before these items when we make our preliminary announcement for the year to 30 September 2010. The outlook for Romag remains positive and the order book now stands at cGBP18 million, an increase of GBP2 million since the announcement in August. Enquiries: Romag Holdings plc 01207 500 000 David Banks Kreab Gavin Anderson 0207 074 1800 Ken Cronin Michael Turner Natalie Biasin Arbuthnot Securities 0207 012 2000 Antonio Bossi Tom Griffiths Note to editors: Romag Holdings plc is a leading manufacturer of glass and plastic composites based in Consett, County Durham. Romag has developed a range of photovoltaic glass products (PowerGlaz) for use in the generation of renewable energy. Romag also manufactures a wide range of products for the security, transport and architecture markets to protect people against a variety of risks and threats. Businesses using the group's high-impact glass products include BAA, Securicor, government departments, banks, building societies and train operators. This information is provided by RNS The company news service from the London Stock Exchange END TSTQFLFBBBFZFBV
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