VCP Victoria Plc

TIDMVCP

RNS Number : 6563G

Victoria PLC

16 May 2011

Issued by Citigate Dewe Rogerson Ltd, Birmingham

Date: Monday, 16 May 2011

VICTORIA PLC

Group Trading Update

The Board of Victoria PLC ("Victoria" or "Group") publishes the following Trading update ahead of its Preliminary Results for the year ended 2 April 2011, which are scheduled for announcement in the second half of June:

Since the release of the Group's last IMS Statement (10 February 2011), it is pleasing to report that trading in Victoria's two core market areas of Australia and the United Kingdom has been stronger than expected.

Therefore, the Board anticipate that pre-tax profit (pre-exceptionals) for the year ended 2 April 2011 will be significantly ahead of current market expectations.

This strong performance is despite the continuing weakness of the Irish economy which has severely impacted the Group's two Irish businesses. The Board has therefore decided to further restructure its Irish businesses and the material non-recurring costs will be incurred in the first half of the new financial year ending 31 March 2012. The Group will retain a strong presence in the Irish market and this move should enhance the Group's overall position in the future.

Further details will be contained in the Group's Preliminary announcement referred to above.

 
 Enquiries: 
 Victoria PLC                            Citigate Dewe Rogerson 
 Alan Bullock, Group Managing Director   Fiona Tooley, Director 
 Mobile: +44 (0) 7785 325701             Office: +44 (0) 121 362 4035 
 Ian Davies, Group Finance Director      Mobile: +44 (0) 7785 703523 
 Mobile: +44 (0) 7770 638791 
 Office: +44 (0) 1562 749300 
 www.victoriaplc.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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