Trading Statement
15 July 2003 - 5:01PM
UK Regulatory
RNS Number:5474N
Urbium PLC
15 July 2003
Embargoed until 0700 15 July 2003
Urbium PLC
("Urbium"or "the Company")
Pre-Close Trading Update
Urbium is today issuing the following trading update covering the six month
period to 29 June 2003.
Total sales from continuing operations for the period were 25% ahead at
#31.2million (2002: #24.9million)
Like for like sales in the second quarter were positive both in London and the
Tiger Tiger operations. This is a significant improvement on the first quarter
performance which was referred to in the 9 April AGM statement, when the London
businesses were adversely affected by a combination of the extended closure of
the underground Central Line and the negative consumer sentiment surrounding the
War in Iraq.
As a result of better trading in the second quarter together with the first time
contribution from businesses opened in 2002 profit before tax and goodwill for
the continuing operations are expected to be substantially ahead of the previous
year.
Overall Urbium remains confident about full year prospects for its resilient
brands and businesses.
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Enquiries:
Urbium PLC
John Conlan, Chairman 020 7434 0030
Steven Palmer, Finance Director 07879 443222
Weber Shandwick Square Mile 020 7067 0700
Kevin Smith / Becky Haywood
This information is provided by RNS
The company news service from the London Stock Exchange
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