18 July 2012 – trading statement
At today’s AGM, the group will confirm that the new financial year has begun well with underlying group revenues being up by 5.6% in the three months to 30 June despite the period being interrupted by the Jubilee celebrations. Although only a small part of the business at the moment, the international operations grew strongly (revenues up 61%) and the announcement of a new five year $50m contract will add to this momentum. Although the second half will be adversely affected by the Olympics, the group has a strong balance sheet and long term prospects look good. BUY.