PPL 0.00% 6.0¢ pumpkin patch ltd (in receivership and in liquidation)

Ann: FORECAST: PPL: Market update

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    					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
    				
 
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Currently unlisted public company.

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