RNS Number : 2196A
Supercart PLC
05 October 2009
Supercart plc
('Supercart' or the 'Company')
Supercart, the UK company involved in the design, marketing and distribution of plastic shopping trolleys, which announced its interim results for the six months to 30 June 2009 on 29 September, is pleased to provide a further update to trading in the financial year ending 31 December 2009.
The Company can confirm that it has won some recent contract additions in the US with retailers including Target Corporation, Toys R Us, Burlington Coat Stores and Pep Boys and as such the Company is now expected to achieve a pre-tax profit for the in the six months to 31 December 2009. The Company reported a pre tax loss of £1.1 million in the first six months of 2009.
The Board is particularly pleased with the integration of Rehrig into Supercart's North American operations. Since the purchase of Rehrig assets in March 2009 the Company believes that it will retain a significant proportion of Rehrig's former major customers. The Company currently has orders for 42,500 trolleys in North America and believes that it is reasonable to expect further significant orders will be forthcoming in 2009.
Enquiries:
Supercart plc 01732 459898
Chief Executive
Mike Wolfe
Charles Stanley Securities 020 7149 6000
Nominated Adviser and Broker
Russell Cook/Ben Johnston/Carl Holmes
Tavistock Communications 020 7920 3150
Jeremy Carey/Andrew Dunn
This information is provided by RNS
The company news service from the London Stock Exchange
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