Judges Scientific 1H Trading Robust, 2H Begins With Solid Order Book

16th Jul 2010 07:23

LONDON (Dow Jones)--Judges Scientific PLC (JDG.LN) said Friday trading activity during the six-month period ended June 30 remained robust and benefited from a healthy opening order book, strong order intake and favorable exchange rates. MAIN FACTS: -Second half of the year commenced with a solid order book. -Order intake during the half-year was much stronger than in the comparable period of 2009, enabling the June 2010 order book to exceed the level reached in June 2009. -The half-year results will include a six-month contribution from Quorum and a three-month contribution from Sircal. -Board expects that the adjusted results will show significant year-on-year progress. -Due to the strong performance of the company's share price and due to recent changes in accounting rules, the unadjusted figures will reflect a substantial non-cash charge relating to the increased value of the convertible redeemable shares. -Sircal, acquired on March 18, has been integrated within FTT and is trading in line with expectations. -In view of its increased size, the Group will now start to be affected by the need to make quarterly advance payments of corporation tax. -Shares on Thursday closed at 230 pence, valuing the company at GBP9.6 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 16, 2010 02:23 ET (06:23 GMT)