GRMP Grampian

RNS Number:1741Q
Grampian Hldgs PLC
18 January 2002



Friday 18 January 2002

                           Grampian Holdings p.l.c.

                Extraordinary General Meeting - Trading Update



Speaking at today's EGM to approve the proposed return of capital to
shareholders and change of name, Sir Donald MacKay, Chairman of Grampian
Holdings p.l.c. made the following statement on current trading:



"Logistics

Despite the slow-down in the economy, and in an increasingly competitive
market, the Logistics Division is performing in line with our expectations.
Development opportunities in the core warehousing and road distribution
operations continue to arise from a combination of organic growth, customer
outsourcing and contract re-tendering.



We have continued to develop our rail freight operations although these still
represent only a small proportion of the Group's overall turnover.
Uncertainty surrounding the future of the rail industry, including the
administration of Railtrack, however, has adversely impacted confidence levels
in the rail network.  Recovery of this confidence will be key to realising the
full benefits of the Group's substantial recent investment in rail freight
activities.



Construction Services

The Construction Services Division has encountered some volatility in activity
levels.  Project commencement dates were temporarily delayed during the last
quarter of 2001, resulting in a fall in operating levels for plant/tipper hire
and contract activity.  Accordingly, turnover levels for the full year are
likely to be somewhat lower than last year.  More encouragingly, the Division
has continued to deliver improved operating margins and the start of 2002 has
seen a pick-up in orders and strengthening of the order book.



Summary

Overall, the Group is performing satisfactorily given the difficult conditions
facing many of our customers. We are continuing to make progress in improving
the quality of the Group's earnings by focusing on better operating margins
and containing costs."





Enquiries:



Sir Donald Mackay, Chairman
Mike McGill, Finance Director
Grampian Holdings p.l.c.                Telephone: 01505 324321



John Bick
Holborn Public Relations                Telephone: 0207 929 5599



Tom Cassidy
Media House                             Telephone: 0141 226 3700

Grampian (LSE:GRMP)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024

Grampian (LSE:GRMP)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024