RNS Number : 1079Q
Lees Foods Plc
29 July 2010
29th July 2010
Lees Foods plc ("Lees" or the "Company")
Pre-Close Trading Update and Notice of Results
Lees Foods Plc, owners of Lees of Scotland and The Waverley Bakery, is today giving the following trading update on its positive performance during the first 6 months of 2010, in advance of the release of the Company's interim results which will be announced on 29 September 2010.
Group sales for the 6 months to June 2010 closed at £9.62m, in comparison to £8.85m, for the same period last year, an increase of 9%. The demand for the Lees range of products continues to be strong, and the Company is pleased to report that both Lees of Scotland and The Waverley Bakery achieved record sales for the first half of the year. Pre tax profits for the first half of 2010 are expected to be significantly ahead of last year's figure of £394k.
The Company remains cautiously optimistic in respect of the second half of the year and expects that both sales and pre-tax profits will be ahead of market forecasts for the full year.
Enquiries
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Lees Foods Plc
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01236 441600
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Clive Miquel - Chief Executive
David Simson - Finance Director
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Shore Capital and Corporate - Nomad and Broker
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020 7408 4090
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Stephane Auton
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3x1 Public Relations
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0141 221 0707 / 07771 960326
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Cameron Grant
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This information is provided by RNS
The company news service from the London Stock Exchange
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