DIP Dipford Grp

RNS Number:9341W
Dipford Group PLC
21 May 2007


                             Dipford results update


Dipford Group plc, a consolidator in the business broking market, is pleased to
announce that, although yet unaudited, the results for the financial year ending
30th April 2007, prior to exceptional items, are expected to be in line with
expectations.


The Group expects there to be two exceptional items - a decision to write off
approximately #1.5 million of goodwill, and costs relating to the departure of
the former Group Managing Director earlier this year. The net result, in these
exceptional circumstances, will give rise to a tax credit in the Profit and Loss
Account and a higher adjusted eps (after adding back amortisation of goodwill)
than had previously been anticipated.


Chris Pople, Chairman, says "It has been considered prudent to adjust the
carrying value of our goodwill to reflect the current state of the company's
business activities. This is expected to have favourable tax consequences for
the recently completed financial year."


For further information please contact:-


Jonathan Custance Baker, Chief Executive

Dipford Group plc                                                  01392 256800

Barrie Newton, Blue Oar Securities Plc                             01225 424666

Mike Coe, Blue Oar Securities Plc                                 0117 933 0020


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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