Result of AGM and Trading Update (2613L)
July 28 2011 - 5:40AM
UK Regulatory
TIDMTNCI
RNS Number : 2613L
Tinci Holdings Ltd
28 July 2011
Tinci Holdings Limited
("Tinci" or the "Company")
Result of Annual General Meeting and Trading Update
The Directors of Tinci Holdings Limited are pleased to announce
that, at the Company's Annual General Meeting held yesterday, all
resolutions put to the meeting were duly passed.
Trading update
As expected, trading in the first half of 2011 was at a lower
level than in 2010 but strong control of costs is expected to
result in a small profit being reported when the interim results
are released in late September. Early indications are that trading
in the second half of 2011 is expected to show a similar pattern to
the first half, although it is too early to predict the financial
results for the full year. However, operating cash flow is expected
to be marginally positive for the full year.
The Company continues to evaluate an investment in a company
producing the key components for ozone layer-friendly refrigerants.
More details will be announced if the investigations result in a
proposal to invest.
Enquiries:
Tinci Holdings Limited
David Steeds, Chairman T: +44 (0)7836 578222
Westhouse Securities Limited
Tom Price/Martin Davison T: +44 (0)20 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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