(BPI.L) British Polythene Industries PLC Buy/Sell

RNS Number:2229K British Polythene Industries PLC 19 December 2007

19 December 2007

British Polythene Industries PLC

Prior to entering the close period ahead of the preliminary results for the year to 31 December 2007, British Polythene Industries PLC has issued an update on current trading.

We indicated in our Interim Statement on 3 September that trading conditions continued to be challenging.

While sales of silage stretchwrap are ahead for the second half, it is now clear that volumes of our other products for this period are unlikely to exceed those for the second half of last year. We are experiencing patchy demand across many sectors of our business, and margins are compressed due to attritional increases in raw material costs.

The November results were well below our expectations and December is now expected to follow a similar pattern. As a result, the profit for 2007 before tax and net restructuring costs of £0.6 million is currently expected to be some 15% below that for 2006.

The preliminary results for the year to 31 December 2007 will be announced on 3 March 2008.

Enquiries:
Cameron McLatchie, Chairman 01475 501000

British Polythene Industries PLC

John Langlands Chief Executive 01475 501000

British Polythene Industries PLC

Tim Spratt/Nicola Biles 0207 831 3113

Financial Dynamics

This information is provided by RNS
The company news service from the London Stock Exchange

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