React Group PLC Trading Statement (1030W)
10 November 2017 - 6:00PM
UK Regulatory
TIDMREAT
RNS Number : 1030W
React Group PLC
10 November 2017
REACT GROUP PLC
10 November 2017
Trading Statement
The Board of React Group PLC, the specialist provider of rapid
response deep cleaning and emergency decontamination services,
makes the following trading statement for the year ended 30
September 2017.
The unaudited numbers (based on management accounts) were very
disappointing, with revenue of around GBP2.65m and a pre-tax loss
of around GBP400,000. This loss contains circa GBP30,000 resulting
from the closure of EPUK, which was announced in December 2016, and
some other one-off other costs including those arising from the
restructuring of the Board (see previous RNS notifications on 11
September, 18 September, 2 October and 27 October).
The Company's cash position at 30 September 2017 was
GBP629,000.
Over the past few months the new management team has put in
place a number of significant cost savings and better overall
financial controls. Trading in the second half has started to show
signs of improvement and the new team is being invited to tender
for more contracts than in the past.
REACT Group plc
Gill Leates - Chairman 07799 662642
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin 0113 370 8974
Mark Brady 0113 379 8971
Whitman Howard Limited (Broker)
Nick Lovering 0207 659 1224
This information is provided by RNS
The company news service from the London Stock Exchange
END
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