Crimsonwing plc – Interim Directors Statement

July 29, 2009
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

 Crimsonwing plc – Interim Directors Statement

Crimsonwing plc issued its Interim Direcotrs Statement. The following was stated in its statement:

“Crimsonwing plc announces that for the first three months (April to June), the first quarter of the Financial Year, the Company has achieved its performance objectives and is on track to meet its targets set for the full financial year ending March 31, 2010.

First quarter highlights include:

First quarter profits ahead of expectations at approcimately EUR 150,000 Earnings before Interest, tax, depreciation and amortisation.

All business units profitable in the first quarter, including Crimsonwing VDA.

Consolidated revenues at EUR 2.7m are up by 10% on the same quarter last year, on like-for-like exchange rates.

Whilst the trading conditions remain weak, Crimsonwing have added new clients in the first quarter, and by controlling overheads, has returned to a good level of profit performance.”

To view the official statement, Click Here.