The following is a Company Announcement issued by Simonds Farsons Cisk p.l.c. pursuant to the Malta Financial Services Authority Listing Rules 9.51 and 9.53. This statement is based on the unaudited management accounts of Simonds Farsons Cisk p.l.c. up to 31 October 2007 and other financial information.
Interim Directors’ Statement
Simonds Farsons Cisk p.l.c. hereby announces that since the publication of the unaudited financial statements for the six months ended 31 July 2007 and the date of this announcement, no material events and transactions have taken place that would have an impact on the financial position of the Holding Company and its controlled undertakings, such that would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules.
During the first nine months of the financial year, the Group registered increased turnover levels over the corresponding period last year predominantly in its brewing, production and sale of branded beers and beverages segment.
Furthermore, the investment programme embarked upon by the Company is nearing completion and the migration to the state of the art centralised logistics centre and new offices has commenced successfully.
The Directors expect, subject to any unforeseen circumstances, the Company’s performance for the current year to show a significant improvement over the year ending January 2007, and such improvement is to be reflected in the results of the Financial Statements for the year ending 31 January 2008.
Arthur Muscat
Company Secretary
28 November 2007