Business
Trading Statement
Trading Statement.
About this update from Northern Bear Plc
[{"type":"text","content":"\n RNS Number : 2138K Northern Bear Plc 15 April 2010 \n \n\n \nNorthern Bear PLC\n \n(\"Northern Bear\" or the \"Company\")\n \nYear end trading update\n \nThe board of directors of Northern Bear (the \"Board\") is pleased to announce a trading update ahead of the publication of the preliminary results for the 12 months ended 31st March 2010.\n \nDespite a challenging economic environment and adverse weather conditions we have been able to consolidate our position as one of the leading support service businesses in the North East of England, and expect our year end result (pre-exceptional and restructuring costs) to be at the higher end of market forecasts. As indicated at the time of our interim statement, there had been a significant reduction in Northern Bear's net debt position in the two months up to December 2009 together with a substantial improvement in working capital. We are delighted that these positive trends have continued throughout the second half of the financial year. In addition, we are seeing the early signs of increased activity amongst our businesses and look forward to the future with cautious optimism. \n \n \nEnds\n \nFor further information please contact:\n \nGraham Forrest \nNorthern Bear Plc +44 (0) 77 6469 3751\n \nJames Harris\nJames Spinney \nStrand Hanson Limited +44 (0) 20 7409 3494\n \nDavid Banks\nPaul Jewell\nSeymour Pierce +44 (0) 20 7107 8042\n \nAdam Reynolds\nHansard Communications &...