Trading Statement
28 September 2006 - 12:11AM
UK Regulatory
RNS Number:5634J
Gamingking PLC
27 September 2006
27 September 2006
Gamingking Plc
Trading Statement
Gamingking announces the following trading statement. The Company announced, in
its annual results in July 2006, that current trading was showing some impact
from the effects of the World Cup and the very warm weather but that the
expectation was that sales performance would improve.
Whilst September sales indicate that the Group will achieve the same sales
revenue as the first half of 2005, sales have not returned to the levels
expected by the board and this reduced activity appears to be consistent with
the retail leisure businesses serving this market sector.
Accordingly the board currently expects that at current sales levels, the
results for the six months to 31 October 2006 will show a loss compared to the
small profit in the first half of 2005. This is due to increased costs in
anticipation of a higher level of sales which have not materialised. The
directors are looking at a number of options to align the cost base with the
current sales levels as well as re-directing resources towards new business
generation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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