FDBK Feedback Plc

RNS Number:8617L
Feedback PLC
7 June 2000


                                 FEEDBACK PLC                                 
                            - Trading Statement -                             

The Board announces that preliminary indications show that whilst the results
for the year to 31 March 2000 will show a significant improvement on the
results for the previous year, they will not meet current market expectations.
The Board expects, however, that the Group's pre tax profit for the year to 31
March 2000 will be approximately #600,000 against #182,400 for the year 31
March 1999.  The Board remains confident about the Group's future prospects.

The shortfall resulted from delays in anticipated sales within the Group's
educational businesses, particularly at the Group's 50% joint venture company,
TekniCal.  Following the move of TekniCal to a stand alone basis, with a
consequent build up of establishment costs, expenditure on new product
development was increased to ensure that this Company maintained a leading
position in the delivery of internet based training solutions.  Interest in
this area of the business remains high and current prospects are very
encouraging.  Discussions are presently underway to supply the TekniCal
product, both the Virtual Campus and the Virtual Training Manager, to a number
of end user and corporate customers.

In other businesses within the Group, order intake for the first quarter of
the current year is expected to be broadly in line with expectations.

A further up-date will be given in the preliminary announcement of the Group's
results to 31 March 2000, due in the week commencing 19 June 2000.


Enquiries:

Roger Barnett
Managing Director
Feedback plc
01892 653322

Robert Corden
Charles Stanley & Company Limited
0207 739 8200

END

TSTEADKXELLEEFE

Feedback (LSE:FDBK)
Historical Stock Chart
From Jun 2024 to Jul 2024

Feedback (LSE:FDBK)
Historical Stock Chart
From Jul 2023 to Jul 2024