PEG Petards Group Plc

TIDMPEG TIDMWTH

RNS Number : 3179A

Petards Group PLC

31 January 2011

31 January 2011

Petards Group plc

("Petards" or "the Group")

Trading Update

Petards, the AIM quoted developer of advanced security and surveillance systems, is pleased to provide an update on trading following the end of its financial year on 31 December 2010.

Profit before tax for the year to 31 December 2010 is expected to be in line with market expectations. Revenues for the second half year were higher than those for the first half year and cash flows were in line with expectations with net debt at 31 December 2010 standing at GBP2m.

Order intake towards the end of 2010 was stronger than earlier in the year. The Board expects that the phasing of orders taken in that period will result in 2011 revenues being weighted towards the second half of the year which has been the case in recent years.

For further information:

 
 Petards Group plc                   www.petards.com 
 Bill Conn, Chief Executive          Tel: 0191 420 3000 
 Andy Wonnacott, Finance Director 
 
 WH Ireland Limited                  www.wh-ireland.co.uk 
 Mike Coe / Marc Davies              +44 (0) 117 945 3470 
 
 Walbrook PR Limited                 Tel: 020 7933 8787 
 Paul McManus                        Mob: 07980 541 893 
                                     paul.mcmanus@walbrookpr.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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