The following is a Company Announcement issued by Simonds Farsons Cisk plc pursuant to the Malta Financial Services Authority Listing Rules 5.86 and 5.88. This statement is based on the unaudited management accounts of Simonds Farsons Cisk p.l.c. up to 30 April 2014 and other financial information.
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Interim Directors’ Statement
The Board of Directors hereby announces that since the publication, on 30 April 2014, of its preliminary statement of annual results for the financial year ended 31 January 2014, no material events and/or transactions have taken place that would have an impact on the financial position of the Holding Company and its controlled undertakings, such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules.
The Group continues to be challenged by an increasingly competitive environment within all sectors it operates in. Nevertheless, profitability for the year to date is in line with that registered during the same period last year. The Group continues to maintain a healthy cash generation performance.
Construction works on the new €27 million beer packaging hall and stores aimed at reducing the operational cost structures and reaffirming the company’s commitment in its export growth strategy, have commenced and are progressing as per anticipated schedule.
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Antoinette Caruana
Company Secretary
11th June 2014