Trading Update
December 03 2009 - 5:56AM
UK Regulatory
TIDMWFCA
RNS Number : 5321D
WFCA PLC
03 December 2009
WFCA plc
("WFCA", "the Company" or "the Group")
Trading Update and AGM Statement
WFCA plc, the leading regional advertising and marketing agency, today announces
the following AGM statement.
Since the date of the announcement of the Company's preliminary results, 6th
October 2009, the Company has been unsuccessful in retaining a major account
beyond the end of February 2010, which will result in the Company's revenue and
profit falling short of expectations for the second half of the Company's
financial year to 30 June 2010. Whilst this is a setback, the Company has a
growing pipeline of new business opportunities with which to endeavour to fill
its increased capacity. However, in the event that the Company is unable to
convert its pipeline of new business the Board expect full year results to 30
June 2011 to be substantially below current market expectations.
Further enquiries:
WFCA plc
Stephen Latter, Financial Director Tel: 01892 511 085
Daniel Stewart & Company plc
Simon Leathers/Oliver Rigby Tel: 020 7776 6550
WFCA plc is a uniquely placed full service Marketing Communications Agency and
positioned as the "London Agency not in London". WFCA is the largest regional
Agency and 28th largest Agency in the UK.
Their role is as a different kind of Agency, with completely integrated and full
service resource delivering advertising, design, direct, digital and media
solutions to a wide range of blue chip Clients, but at a much lower cost than
their London based competitors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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