Trading Statement
December 22 2006 - 2:02AM
UK Regulatory
RNS Number:5279O
Chelford Group PLC
22 December 2006
FOR IMMEDIATE RELEASE 22 December 2006
Chelford Group plc
TRADING STATEMENT
Chelford Group plc ("Chelford" or the "Group"), the IT solutions group today
provides an update on its trading performance for the year to 31 December 2006.
During the closing months of 2006, certain contracts and associated services
were signed later in the year than expected and some contract decisions,
including significant software licences, will not now be made until 2007.
Nevertheless, in the second half year the Group traded more profitably than in
the first half year and continued to generate cash. As a result of these new
contract delays, together with the cost over-run on a fixed-price contract in
the SAP Division reported at the half year end, profits for 2006 will be below
market expectations and below the level for 2005.
ENDS
For further information, please contact:
Trevor Lewis, Chief Executive 01256-685400
Mark Taylor, Charles Stanley 020-7149-6000
Securities
Steve Liebmann, Bankside 020-7367-8883 or 07802-888159
About Chelford
Chelford Group plc, the IT solutions group is headquartered in Basingstoke,
Hampshire and its shares are quoted on AIM (stock code: CHR). Chelford provides
specialist systems solutions for its target markets based upon its own IPR, SAP,
Microsoft and RFID technologies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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