CSF Group PLC Year-end trading update (7779W)
29 April 2016 - 4:36PM
UK Regulatory
TIDMCSFG
RNS Number : 7779W
CSF Group PLC
29 April 2016
29 April 2016
CSF Group plc
("CSF" or the "Group")
Year-end trading update
CSF Group plc (AIM: CSFG), a leading provider of data-centre
facilities and services in South East Asia and the largest provider
of data-centre services in Malaysia, announces that Deloitte LLP
has now commenced its audit work in relation to the Group's results
for the financial year ended 31 March 2016. The Board expects to
publish its annual results by the end of July 2016.
During the year ended 31 march 2016 the Group recorded higher
operating costs, mainly due to the additional lease rental cost of
Block C of CX5 which commenced in April 2015. Although the Group
has restructured the lease rental terms for CX1, CX2 and CX5, the
revised rates were only effective from 1 January 2016. As such, the
Group was still subject to the higher lease rental rates for the
first nine months of the financial year.
During the second half of the financial year to 31 March 2016,
the Group experienced pressure from customers on its data-centre
rental rates and a slow-down in payments by certain customers.
These factors are expected to cause the outcome for the financial
year ended 31 March 2016 to be below the Board's previous
expectations and below the outcome for the previous year.
For further information:
CSF Group
Phil Cartmell, Chairman +603 8318 1313
Allenby Capital Limited (Nominated
Adviser & Broker)
Nick Naylor / David Hart / Alex +44 (0)20 3328
Brearley 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 29, 2016 02:36 ET (06:36 GMT)
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