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| Current Price: | |
|---|---|
| Last Trade: | 112.00p |
| Date: | 07/09/2010 |
| Time: | 10:39 |
| Change: |  2.50p (2.28%) |
| Prev Close: | 109.50p |
| Open: | 109.50p |
| Day's Range: | 111.75p - 112.00p |
| Volume: | 9,334 |
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I am delighted to report excellent results for 2009, a year in which the Group has transformed its performance. The Group continues to lead in all of its core markets and is making good progress in broadening both its product and customer base. The Group is well positioned to accelerate this strategy through both organic and acquisitive growth.
I am delighted to report a much improved trading performance for the first half of 2009. This improvement follows on from the strategic review carried out last year and a record order book at the start of the year.
Revenue for the period was £17.2m (H1 2008: £13.5m) an increase of 27% and an excellent performance in difficult economic conditions.
I am pleased to report that the Group has strengthened its position during 2008 and has performed particularly well over the past six months. Following a strategic review and subsequent restructuring of the business in the fourth quarter, the Group is now in excellent shape and is rising to the opportunities and challenges presented by the current economic climate.
The Group's performance for the first half of 2008 has been one of contrasting fortunes. Whilst the core Trade Business has continued to go from strength to strength, the direct to consumer Retail Business has been undermined by difficult trading conditions, as previously highlighted in the trading update on 23 July 2008.
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