AGM Statement (8796N)
08 September 2011 - 8:09PM
UK Regulatory
TIDMDTG
RNS Number : 8796N
Dart Group PLC
08 September 2011
8 September 2011
Dart Group PLC ("the Group")
AGM Statement
Dart Group PLC is pleased to announce that all of the ordinary
and special resolutions proposed at today's Annual General Meeting
were approved.
Commenting on current trading, Philip Meeson, Chairman and Chief
Executive, said
"Current trading conditions remain challenging. In particular,
the Aviation business has been impacted by weaker consumer demand
resulting in lower yields, although the business has been
successful in improving load factors supported by continued growth
of the Holidays operation. As I indicated in my year end statement,
we expect these challenging economic conditions to continue to
impact on yields in Aviation for the foreseeable future, impacting
on our ability to pass on cost growth to our customers.
Fowler Welch, our Distribution business, has continued to
deliver revenue growth but is experiencing tightening margins,
whilst continuing to trade in line with the Board's
expectations.
Overall, the Board still hopes to meet market expectations for
the current year."
For further information contact:
Dart Group PLC Tel: 0113 238 7444
Philip Meeson
Group Chairman and Chief Executive Mobile: 07785 258666
Andrew Merrick
Group Finance Director Mobile: 07788 565358
Andy Pedrette / Siobhan Sergeant
Smith & Williamson Corporate Finance
Limited Tel: 020 7131 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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