28 July 2010 – trading update
Straight has issued a positive update on trading for the first six months of the year. Underlying profits for the six months to 30 June are expected to be similar to the first half of 2009, but prospects for the second half of the year are better than last year with order books at high levels. The acquisition of Helesi’s UK business and assets in March should allow higher margins to be achieved going forward whilst the group’s retail business has now returned to profit. The shares remain a BUY.