Business
Land Sale and Trading Update
Land Sale and Trading Update.
About this update from Carclo Plc
[{"type":"text","content":"\n Carclo plc\n30 September 2004\n\n\n 30 September 2004\n\n\n Carclo plc\n\n\n Land Sale and Pre-Close Trading Update\n\n\nCarclo plc ('Carclo') announces that it has exchanged binding missives on the\nsale of surplus industrial land of approximately three acres adjacent to its\nBruntons Aero facility at Musselburgh near Edinburgh.\n\nThe land has been sold for £1.25 million in cash, bringing the total proceeds\nfrom surplus properties to £1.5 million so far this financial year. The\nproceeds from the disposal of the site, which was sold to Uraich Limited, will\nbe used to reduce group indebtedness. The site had a nil book value and so the\nentire sales proceeds, less associated costs, have been booked as exceptional\nprofit.\n\nCarclo has continued to make steady progress and results for the first half to\n30 September are anticipated to be broadly in line with the Board's\nexpectations.\n\nCarclo will be announcing interim results on 6 December 2004.\n\n\n - Ends -\n\n\n\n\nEnquiries:\n\nCarclo plc 01924 330500\nIan Williamson, Chief Executive\n\n\n\nWeber Shandwick Square Mile 020 7067 0700\nRichard Hews / Susanne Walker\n\n\n\nNotes to Editors\n\n• Carclo plc is a global supplier of technical plastic components and\n specialist wire products. It is a public company whose shares are quoted \n on the London Stock Exchange.\n\n• 81% of sales are derived from the supply of fine tolerance, injection\n moulded plastic components, which are used in medical, automotive, telecom \n and electronics products. This business, Carclo Technical Plastics, \n operates internationally in a fast growing and dynamic market underpinned \n by rapid technological development.\n\n• The Specialist Wire division manufactures card clothing, a specialised\n engineered product used by the textile fibre processing industry world \n wide, precision aerospace products and band saws.\n\n• Carclo's strategy is to grow rapidly in low cost manufacturing regions\n and to develop new technologies and products to underpin future growth.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName":"div"}]