Pre-Close Trading Update
05 Julio 2006 - 2:00AM
UK Regulatory
RNS Number:6851F
Ultimate Leisure Group PLC
05 July 2006
ULTIMATE LEISURE GROUP PLC
Pre-Close Trading Update
Wednesday 5th July
Ultimate Leisure is today providing a trading update ahead of the close period
preceding the announcement on 19th September 2006 of the group's preliminary
results for the 52 weeks ended 30th June 2006.
Trading for the 52 weeks ending 30th June 2006 has been in line with the Board's
revised expectations set out in our statement of 13th January 2006.
Like for like sales were down 19% for the year and total sales for the company
were down 11%, as a result of adverse trading conditions and the historic lack
of investment in the business. The general trading environment continues to be
tough and challenging and we remain cautious about the outlook for 2006-2007.
We are addressing the historic lack of investment in the business, as well as
working to acquire a pipeline of sites for the Prohibition Brand. Whilst the
full benefits of this strategy will take time to come through, we remain
confident that the re-investment in our core estate and brands will
significantly strengthen our competitive position to the benefit of shareholders
in the future.
Contact
Mark Jones Ultimate Leisure Group 0191 261 8800
Ben Foster Financial Dynamics 0207 269 7247
This information is provided by RNS
The company news service from the London Stock Exchange
END
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