TLT Tolent

    RNS Number : 4908F
  Tolent PLC
  09 October 2008
   

    Tolent PLC
    Trading update
    9 October 2008

    Tolent provides the following update on trading for the year ended 31 December 2008.

    At the time of announcing the interim results on 20th August 2008 we reported continuing difficult trading conditions as a number of
project starts were delayed or deferred.

    Since that date there have been further delays in terms of start dates for new contracts. The impact of this will be that the both the
turnover and the profit for the second half of the year will be lower than had been anticipated.  

    The secured workload is currently �90m. We reported previously that in addition to the secured workload there were substantial contracts
of circa �70m in the pipeline and this remains the case. Negotiations in relation to these contracts are expected to reach a conclusion in
the next few weeks with work programmed to start on site shortly thereafter. 

    The cash position of the Group remains positive and that together with the forward workload provides the Group with a solid base to
trade through this difficult period for both the construction industry and the economy in general. 
    Enquiries:
    Tolent PLC                                           0191 4870505
    Andy Clark, Finance Director

    Brewin Dolphin                                     0845 2708610
    Andrew Emmott

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