PPL
29/08/2014 08:30
FORECAST
REL: 0830 HRS Pumpkin Patch Limited
FORECAST: PPL: Market update
Pumpkin Patch Limited - Market Update
FY14 Preliminary Result
Pumpkin Patch Limited has today confirmed that its preliminary 2014 full year
earnings after tax but before reorganisation costs is between $1.0m to $2.0m,
which is in line with the range previously advised.
The strategic change process outlined earlier in the year is well underway,
and in line with this process the Company has reviewed the carrying value of
existing IT software and store assets. As a result, the Company has today
announced that a provision for the writedown of its store and IT software
assets will be reflected in the 2014 financial result, bringing the total
reorganisation costs for the year to around $12m (before tax).
The above numbers are preliminary results and are subject to external audit
review.
The Company is expecting to release its audited result for the financial year
ended 31 July 2014 on 26th September.
FY15 Trading
The Company further advises that, whilst it is very early in the season,
trading in the beginning of FY15 has been encouraging, and that the summer
season collections have been positively received.
ENDS
Jane Freeman
Chairperson
Pumpkin Patch Limited
29th August 2014
End CA:00254553 For:PPL Type:FORECAST Time:2014-08-29 08:30:07