Business
Trading Statement
Trading Statement.
About this update from Restore Plc
[{"type":"text","content":"\n RNS Number : 1362E Mavinwood PLC 24 September 2008 \n \n \nMavinwood Plc Trading Update\n\nLoss of significant contract\n\nFollowing the loss of a significant contract in their Emergency Repair division, Mavinwood plc announce that profits for the 12 months ending 31 December 2008 will now not meet market expectations.\n\nCommenting on the announcement Kevin Mahoney, Chief Executive of Mavinwood said:\n'At the beginning of 2008 we were confident that this contract would be retained and expanded. We therefore incurred increased investment in the Emergency Repair division. When we updated the market on the 5th June we continued to be confident that the contract would be retained. The decision not to renew was therefore disappointing.'\n\nMavinwood's Document Handling Division continues to perform well, exceeding market expectations.\n\nMavinwood will announce its Interim Results for the 6 months to 30 June 2008 on Tuesday 30 September 2008 at which time it will provide more detail of its trading outlook.\n\nEnquiries\n\nMavinwood plc\nKevin Mahoney 020 7661 9650\nMike Vincent 020 7661 9651\n\nThreadneedle Communications\nJohn Coles &n...