Business
Bad Debt
Bad Debt.
About this update from Alumasc Group Plc
[{"type":"text","content":"\n \nRNS Number : 0874H Alumasc Group PLC 23 May 2011 \n \n\nFor release 23 May 2011 \n \nTHE ALUMASC GROUP PLC - ANNOUNCEMENT\n \n \nSubsequent to the release of its Interim Management Statement last week, The Alumasc Group plc (ALU:L) was informed that a customer of the group's Façades business has unexpectedly been taken into administration by its bankers.\n \nCurrent estimates are that the impact of the consequential bad debt on group results for the year could be in the range £0.3 million to £0.5 million, depending on possible recoveries of materials and any payment to creditors from the administrators.\n \nThe Board does not consider that this event should affect its recommendation on the group dividend for the year.\n \n \nEnquiries:\n \nThe Alumasc Group plc\nPaul Hooper (Group Chief Executive) Tel: 01536 383821\nAndrew Magson (Group Finance Director) Tel: 01536 383844\n \nBankside Consultants\nSimon Bloomfield Tel: 0207 367 8861 \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCKXLBLFEFEBBX\n ","length":2768,"tagName":"div"}]