Business
Trading Statement
Trading Statement.
About this update from Macfarlane Group Plc
[{"type":"text","content":"\n Macfarlane Group PLC\n20 December 2007\n\n\n\nMacfarlane Group PLC gives a trading update for 2007 and disposes of surplus\nproperty\n\n\n 20 December 2007\n\n\nTrading update\n\nThe strong performance of the business in the first six months of 2007 has\ncontinued in the second half and Macfarlane Group's results for 2007 from\ncontinuing operations will be in line with our expectations for the year and\nsignificantly ahead of 2006 profits.\n\n\nConsiderably more focus has been brought to the Group's activities in the second\nhalf of the year following the announcement of the disposal of the US/Mexican\noperations at the start of October 2007. The Group is intent on continuing this\nfocus and seeking value-enhancing acquisitions to accelerate growth and\nfinancial returns from our key businesses.\n\n\n\nDisposal of property\n\nThe Group has concluded an agreement to sell a surplus investment property at\nKirkintilloch for a total cash consideration of £2.3 million after attributable\nexpenses. The disposal will produce a realised profit of £0.6 million in the\ncurrent financial year to 31 December 2007.\n\n\n\n\n\nFurther information: Archie S. Hunter Chairman 0141 333 9666\n Peter D. Atkinson Chief Executive 0141 333 9666\n John Love Finance Director 0141 333 9666\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n GFGNZM \n ","length":1803,"tagName":"div"}]