Shanks Group plc (ticker: SKS.L, exchange: London Stock Exchange (.L))
News Release -
Shanks Group PLC - Pre Close Trading Statement
Shanks Group PLC
30 September 2005
30 September 2005
Shanks Group plc Pre Close Trading Statement
Shanks Group plc, a leading European waste management company today issues the
following pre-close statement.
Following the Annual General Meeting on 28th July when the Group issued a
positive statement, highlighting the continued strategic focus on the higher
technology end of the waste treatment industry, Shanks confirms today that
overall results for the first six months of the 2005/6 year are forecast to be
in line with Group expectations.
The UK business, which following restructuring, delivered a major turnaround
during 2004, continues to make solid progress and we expect another robust
performance in the Benelux operations.
The PFI waste management contracts at East London Waste Authority, Dumfries &
Galloway and Argyll & Bute are progressing to plan. The construction of the
mechanical biological treatment plant at Frog Island for East London Waste
Authority is on schedule.
A further announcement will be made in mid October covering the effect of the
change to IFRS on Shanks together with the associated restatement of the results
for the 2004/5 year.
The Group's interim results for the six months to 30 September 2005, will be
announced on Thursday 3rd November, 2005.
For further information contact:
Michael Averill, Group Chief Executive
Fraser Welham, Group Finance Director
Shanks Group plc, telephone +44 (0)1628 524523 www.shanks.co.uk
Ginny Pulbrook, Executive Director
CDR, telephone +44 (0) 207 282 2945
This information is provided by RNS
The company news service from the London Stock Exchange