Leeds Group PLC Trading Update (7810T)
March 25 2019 - 2:00AM
UK Regulatory
TIDMLDSG
RNS Number : 7810T
Leeds Group PLC
25 March 2019
Leeds Group plc
("Leeds Group" or the "Company")
Trading Update
Leeds Group wishes to update the market on its expectations for
the financial year ending 31 May 2019.
As noted in our Interim Report, trading performance at our
operating subsidiaries has been challenging with increased
competition in a reduced market in the first half of the year.
Despite this, the Board believed, at that time, that the underlying
profit before tax for the full year would be at a higher level than
last year.
However, the trading performance of the operating subsidiaries
in the second half of the year has been below the Board's
expectations as market conditions have not improved and this is
expected to continue for the rest of the financial year. The Group
profit before tax for the full year is therefore expected to be
below the Board's expectations for the current financial year.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (MAR) and has been arranged
for release by Jan G Holmstrom, Chairman.
Enquiries:
Leeds Group plc Cairn Financial Advisers LLP
Dawn Henderson - 07747 777055 Tony Rawlinson / Liam Murray - 020 7213 0880
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contact rns@lseg.com or visit www.rns.com.
END
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