28 July 2011 – trading update

Sales for the 6 months to 30 June 2011 were £10.22m (2010: £9.62m) representing an increase of 6%.  The demand for the Lees range of products has been particularly strong and Lees of Scotland achieved record sales for the first half of the year.  High commodity prices mean pre-tax profits for the first 6 months are likely to be lower than last year but the company is confident of achieving current market forecasts for the full year.  We continue to rate the shares as a BUY.