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Trading Statement
DRS Data & Research Services plc ('DRS') will announce its preliminary results for the year ended 31 December 2006 on 13 March 2007.
Ahead of the announcement DRS today issues the following trading update.
As a result of weaker than expected sales in DRS Data Services Limited and the expenditure of unbudgeted costs pursuing new business, DRS incurred a loss in the second half of 2006. However, the Group is still expected to report a small pre-tax profit for the full year. e-Marker(R) made a positive contribution and Peladon Software started to show a profit at the end of the year.
The Directors believe that the disappointing result for the second half is a temporary setback which does not alter their optimism for 2007 and consequently, in the absence of unforeseen circumstances, the Board still intends to propose a final dividend of 0.25p per share.
