Trading Statement
January 23 2008 - 2:01AM
UK Regulatory
RNS Number:3350M
Charterhouse Communications PLC
23 January 2008
Trading update for Charterhouse Communications plc ("Charterhouse" or the
"Company")- January 2008
Further to the trading update issued on 7 November 2007, the well documented
market conditions affecting the domestic mortgage market in the UK have had a
significant effect on the Company's revenues during the last quarter of 2007.
As a result, the Company's profits for the year ending 31 May 2008 will be
significantly affected and are likely to be below market expectations. At the
same time, the Company's other non-mortgage publishing and non-publishing
products continue to be on target to meet forecast.
Cost cutting measures taken during the quarter and continuing into the new
calender year, plus the relaunch of our main, weekly, title Mortgage Introducer
will help to protect the business from further decline. Coupled with investment
in other key areas, and further diversification where possible, the Company is
in a good position to benefit from any recovery in the coming months.
The interim results for the Company will be announced on 26 February 2008,
together with further comment on the likely outlook for the year-end and beyond.
Enquiries:
For Charterhouse Communications plc
Anthony Peters, Chief Operating Officer and Finance Director 020 7827 5454
For Landsbanki Securities (UK) Limited, Nomad & Broker
Simon Brown 020 7426 9000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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