Upgrade Now

Turbotec Products (TRBO)

 25.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 40.00p
  • 52 Week Low: 22.00p
  • Currency: UK Pounds
  • Shares Issued: 12.81m
  • Volume: 6,000
  • Market Cap: £3.27m
  • RiskGrade: 118
  • Beta: 0.09

Trading Update

RNS Number : 7388G
Turbotec Products PLC
05 February 2010
 



 

 

Press Release

5 February 2010

 

 

Turbotec Products Plc

("Turbotec" or "the Company")

 

Trading Statement

 

Turbotec Products Plc (TRBO.L), the designer and manufacturer of high performance, high quality heat exchangers and Tru-Twist® heat transfer tubing, notifies the market of the following information in advance of the announcement of its results for the nine months ended 31 December 2009 ("the Period").

 

The Company will be reporting turnover for the Period of $14.7 million, with turnover for the third quarter of $4.9 million similar to the level recorded in the preceding three quarters.  However, a combination of a deteriorating gross margin during the third quarter and further legal and other advisory costs incurred means that the Company will be reporting a profit before tax of $0.76 million for the Period.  The board anticipates that underlying trading for the fourth quarter will return towards the levels experienced during the first half of the current financial year.  However, on this basis, trading for the full year will still be below the board's expectations.

 

More detailed commentary will be provided in the Company's results for the Period expected to be released on Tuesday, 16 February 2010.

 

- Ends -

 

For further information please contact:

 

Turbotec Products Plc

 


Sunil Raina, Managing Director

SRaina@turbotecproducts.com

 

Tel: +1 (860) 731 4200

 

Robert Lieberman, Finance Director

RLieberman@turbotecproducts.com

 

www.turbotecproducts.com

 

Evolution Securities Limited


Joanne Lake / Peter Steel

joanne.lake@evosecurities.com

Tel: +44 (0) 113 243 1619

 

 

Media enquiries:

Abchurch Communications


Sarah Hollins / Nick Probert

nick.probert@abchurch-group.com

Tel: +44 (0)20 7398 7715

www.abchurch-group.com

 

 


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

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Top of Page