Trading Statement

RNS Number:8121Z
Caffyns PLC
14 March 2006


PROPERTY DISPOSAL

Caffyns PLC ("the Company") announces that it has today exchanged contracts with
Western Ridge Seaford Limited for the sale of its vacant freehold site at
Seaford. The consideration of #1,477,500 is payable in cash on 2 May 2006. The
book value of the property is #618,000 and the profit on the sale, net of
disposal costs, will be approximately #825,000.

The proceeds will be applied in reducing the Company's borrowings.

TRADING UPDATE

The Chairman reported in the Company's Interim Statement of 25 November 2005
that the process of reorganisation following the demise of MG Rover was
progressing.

The refranchising of dealerships in Tonbridge and Uckfield should be completed
by May and the re-development of the Worthing site should be completed by
August. The building works at these and other former MG Rover sites have caused
considerable disruption to trading. In addition, the new franchises have been
established in a period when there has been a further reduction in demand in the
private consumer market in which the Company operates.

As a result, the Board anticipates that after taking into account the profit on
the sale of the Seaford property, the result before tax in the second half of
the current financial year will be broadly breakeven.

14 March 2006

Enquiries:

Simon Caffyn
Chief Executive

Mark Harrison
Finance Director

Telephone: 01323 730201




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTGUUPAWUPQPUC

Caffyns (LSE:CFYN)
過去株価チャート
から 6 2024 まで 7 2024