Trading Statement (6345N)
05 September 2011 - 10:28PM
UK Regulatory
TIDMSC.
RNS Number : 6345N
Supercart PLC
05 September 2011
5 September 2011
SUPERCART PLC
("Supercart" or the "Company")
Pre-Close trading update
Supercart (AIM:SC.), the UK company involved in the design,
marketing and distribution of plastic shopping trolleys, is pleased
to provide an update to trading for the 18 months to 31 30 June
2011, ahead of its preliminary announcement of results, following
the change of accounting reference date to 30 June, which is
expected to be released on Monday 17 October 2011.
As announced previously the 12 months to 31 December 2010 saw a
significant increase in trolley sales over the comparable 12 months
in 2009 of approximately 17.2 per cent and turnover up by 21.2 per
cent over that same period.
The further six month period to 30 June 2011 has seen continued
progress, particularly in the important North American market. In
what is traditionally the quieter trading period the Company has
traded broadly in line with the Board's expectations over this
period with sales over the six months to June 2011 showing a
further improvement from the GBP2.8m achieved in the six months to
June 2010.
Supercart announced on 27 June 2011 that the Company's US
subsidiary had received its largest ever single order with a value
of over $1.0m, and the Company is now fulfilling this order. The
Company is also pleased to announce that it has received a number
of further significant orders for its North American operations
including for the substantial refurbishment of a fleet of carts for
a major international retail chain. As the Company moves into the
all important autumn trading period our order book remains
strong.
Mike Wolfe, Chief Executive of Supercart, commented, "the
Company is continuing to make good progress in the important US
market, while our traditional core South African market is also
performing well. Progress in Europe has been slower, but we remain
confident that in time we shall build a strong market position.
Prospects for the current year and beyond look encouraging."
Enquiries:
Supercart plc
Chief Executive
Mike Wolfe 01732 459898
Charles Stanley Securities
Nominated Adviser and Broker
Russell Cook/Carl Holmes 020 7149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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