VCP Victoria Plc

TIDMVCP

RNS Number : 8172Q

Victoria PLC

12 November 2012

12 November 2012

Victoria PLC

('Victoria,' the 'Company,' or the 'Group')

Trading Update

Following their appointment at the General Meeting on 3rd October, the new Board of Directors has undertaken a detailed review of the current trading and short term prospects of Victoria PLC. This review is continuing. However, it is already apparent that the Company is likely to break even at best for the full year ending 4 April 2013, at a pre-tax level before exceptional costs. Current trading, in both Australia and the UK remains weak and significantly behind budget.

The Directors wish to assure shareholders that they are doing everything they can to remedy the situation and a further update will be provided to the market in the Company's half year statement at the end of this month.

- Ends -

For more information contact:

 
 Victoria PLC 
  Geoff Wilding                            +44 (0) 1562 749 300 
 
   Seymour Pierce 
   Jonathan Wright (Corporate finance) 
   Tom Sheldon (Corporate finance) 
   Richard Redmayne (Corporate broking) 
   Jacqui Briscoe (Corporate broking)        +44 (0) 20 7107 8000 
 
   MHP 
   Nick Denton 
   Vicky Watkins                             +44 (0) 20 3128 8100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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