For the last year, the Acal Group’s revenue was £165.4 million (2008: £159.5 million), with the increase due to foreign exchange and acquisitions, producing an operating profit before exceptional items of £0.3 million compared with £6.1 million in 2008. Profit before tax and exceptional items from continuing operations was £0.5 million (2008: £6.1 million). The taxation charge of £1.4 million (2008: £2.3 million) reflects the tax charge on our UK profits that cannot be offset against tax losses in mainland Europe. The loss after tax and exceptional items from continuing operations was £37.0 million (2008: profit £0.5 million).

Acal also announces that Steve Sydes, head of the Electronics division, will be leaving the Group during June 2009. CEO Nick Jefferies will assume responsibility for the Electronics division in the short-term.