Clarification on Hastie’s exposure to the Dubai market

30.11.09

Hastie Group Limited, the leading international building services and refrigeration systems group, advises that the financial problems that have been reported in Dubai will not have a material impact on the group’s results.

Hastie has a minimal order backlog in Dubai and, as previously advised to the market, its current focus in the Middle East is on other Gulf markets, and in particular Abu Dhabi and Qatar. The group is confident that its current projects in these markets will be completed profitably.

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