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ISEQ and Company Update, 05-Feb-2010

Posted by Senan Coleman | 05 February 2010

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Market update

ISEQ Week Open: 2976.25, Week Close: 2890.11

Ryanair

• Announced a Q3 loss of €11m down from a loss of €102m in Q3 last year. Revenues rose by 1% to €612m, as 14% traffic growth was largely offset by a 12% decline in average fare. Unit costs fell by 23% (excluding fuel they fell by 4%) despite a 3% increase in sector length.
• Source: http://www.ryanair.com/ie/news/ryanair-q3-loss-reduced-from-102m-euro-to-11m-euro
• Ryanair showed a 9% growth in traffic for January.
• Source: http://www.ryanair.com/ie/news/ryanair-s-traffic-grows-9-percent-in-january

DCC

• Achieved strong revenue and operating profit growth, on a constant currency basis, in its third quarter to 31 December 2009.
• Trading in January was excellent, driven by favourable weather conditions for DCC Energy and a good performance in SerCom Distribution.  Taking this into account, DCC's full year outlook has improved from that set out in the Interim Management Report on 10 November 2009.  The Group now expects that, on a constant currency basis, both operating profit and adjusted earnings per share for the year to 31 March 2010 will be in the range of 5% to 10% ahead of the prior year.
• Source: http://www.dcc.ie/dcc/news/rns/rnsitem?id=1265094023nRSB5124Ga&t=popup

First Derivitives

• Has acquired Cognotec.
• Source: http://www.firstderivatives.com/Downloads/pressrelease-option1JBout.pdf

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