OPD Shares Fall
Interim Management Statement
OPD Group plc has issued an Interim Management Statement covering the period from 1 July 2008 to 17 October 2008.
Net Fee Income ('Gross Profit') for the quarter to 30 September 2008 was 8% below that achieved for the same period in 2007.
The majority of the Group's operations are in the UK. The difficult economic conditions have led to the decline in income. The Group has therefore reduced costs and will continue to take whatever steps are appropriate.
In light of recent trading the directors consider the profit for the year will be less than current market forecasts.