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