AGM Statement & Trading Update


 

TIDMPEG 
 
RNS Number : 0813M 
Petards Group PLC 
22 January 2009 
 

 
Petards Group plc 
("Petards" or "the Group") 
 
 
AGM Statement & Trading Update 
 
 
 
 
Petards, the AIM quoted listed developer of advanced security and surveillance 
systems, announces that at its Annual General Meeting held today all resolutions 
laid before the meeting were duly passed. 
 
 
In his statement to shareholders, Tim Wightman, Chairman of Petards, provided 
the following trading update in respect of the Group's un-audited results for 
the year ended 31 December 2008: 
"We anticipate reporting a significantly improved result for the year ended 31 
December 2008 compared to that seen in 2007.  The Group reported an interim 
profit after tax of GBP0.3m for the six months ended 30 June 2008 and we are 
pleased to say that the Group remained profitable in the second half of the 
year. We expect to report revenue for the year of approximately GBP18.8m. The 
Group was cash generative in the second half year and we expect to report net 
debt of approximately GBP2.3m at 31 December 2008, reduced from GBP2.8m at the 
end of June 2008." 
 
 
 
 
For further information: 
 
 
+------------------------------------+------------------------------------+ 
| Petards Group plc                  | www.petards.com                    | 
+------------------------------------+------------------------------------+ 
| Bill Conn, Chief Executive         | Tel: 0191 420 3000                 | 
| Andy Wonnacott, Finance Director   |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Collins Stewart Europe Limited     |                                    | 
+------------------------------------+------------------------------------+ 
| Mark Connelly, Stewart Wallace     | Tel: 020 7523 8350                 | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Parkgreen Communications Limited   | Tel: 020 7933 8787                 | 
+------------------------------------+------------------------------------+ 
| Paul McManus                       | Mob: 07980 541 893                 | 
+------------------------------------+------------------------------------+ 
|                                    | paul.mcmanus@parkgreenmedia.com    | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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