Macfarlane Group PLC
20 December 2007
Macfarlane Group PLC gives a trading update for 2007 and disposes of surplus
property
20 December 2007
Trading update
The strong performance of the business in the first six months of 2007 has
continued in the second half and Macfarlane Group's results for 2007 from
continuing operations will be in line with our expectations for the year and
significantly ahead of 2006 profits.
Considerably more focus has been brought to the Group's activities in the second
half of the year following the announcement of the disposal of the US/Mexican
operations at the start of October 2007. The Group is intent on continuing this
focus and seeking value-enhancing acquisitions to accelerate growth and
financial returns from our key businesses.
Disposal of property
The Group has concluded an agreement to sell a surplus investment property at
Kirkintilloch for a total cash consideration of £2.3 million after attributable
expenses. The disposal will produce a realised profit of £0.6 million in the
current financial year to 31 December 2007.
Further information: Archie S. Hunter Chairman 0141 333 9666
Peter D. Atkinson Chief Executive 0141 333 9666
John Love Finance Director 0141 333 9666
This information is provided by RNS
The company news service from the London Stock Exchange
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