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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Globe Capital Limited | AQSE:GCAP | Aquis Stock Exchange | Ordinary Share | KYG394391158 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.275 | 0.25 | 0.30 | 0.275 | 0.275 | 0.275 | 0.00 | 06:57:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGCAP 30 September 2020 Globe Capital Limited ("Globe Capital" or the "Company") Interim Results for the six months period to 30 June 2020 Chairman's Statement Globe Capital Limited is pleased to announce its unaudited interim results for the 6 months period to 30 June 2020. Operational costs for the period amounted to GBP61k compared to GBP82k for the 6 months to June 2019. The Company's investment strategy continues to be that to seek medium-to-long term investments in businesses that exhibit growth potential. The Company continues to be an active investor in situations where the Company can make a clear contribution to the growth and development of the investment. The company continues its operations through the subsidiary Vogel Marketing Services FSZ in Ajman, United Arab Emirates which promotes companies from the UK and EU within the Gulf Region, however the results from this region have been frustrated by the delays due to Brexit and now Covid-19, however it is continuing to explore a number of opportunities which the board believe will come to fruition in the new year. The company continues to receive support from its shareholders and loan note holders to meet its ongoing costs. 30th September 2020 David Barnett Chairman Globe Capital Limited Profit and Loss and Other Comprehensive Income Six months ended 30 June 2020 6 months 6 months Year ended ended ended 31 December 30 June 30 June 2019 2020 2019 GBP '000 GBP '000 GBP '000 Revenue 10 - 10 Cost of services - - (8) Gross Profit 10 - 2 Other Income 2 6 10 Administrative Expenses (61) (82) (182) Finance Costs (6) - (12) Profit / (Loss) Before Taxation (55) (76) (182) Taxation - - - Other Comprehensive Loss - - - Profit / (Loss) for the period (55) (76) (182) Earning / (Loss) per share Basic & Diluted (pence) (0.02)p (0.03)p (0.07)p Globe Capital Limited Balance Sheet as at 30 June 2020 30 June 30 June 31 2020 2019 December 2019 GBP '000 GBP '000 GBP '000 Non-current assets Property, plant and equipment - 9 9 Investments - 14 - Loans Receivable - - - Current assets Prepayments 15 22 20 Cash and cash equivalents 14 12 5 Other debtors and receivables 56 146 85 Total Assets 85 203 119 Current Liabilities Trade and other payables 66 168 191 Creditors: falling due after more than one year Amounts due to directors 26 17 16 Amounts due to a shareholder 18 - - Other payables 118 - - Total Liabilities 228 185 207 Net Assets (143) 18 (88) Shareholders' Equity Share Capital 645 645 645 Reserves (788) (627) (733) Total Equity (143) 18 (88) Globe Capital Limited Statement of Cash Flows Period ended 30 June 2020 6 months 6 months Year ended ended ended 31 December 30 June 30 June 2019 2020 2019 GBP '000 GBP '000 GBP '000 Profit/(Loss) before tax (55) (76) (182) Adjustment: Depreciation 9 - 7 Impairment of goodwill - - 1 Interest expenses 6 - 12 Other income (2) - (10) Loss on disposal of an associate 13 Operating profit/(loss) (42) (76) (159) Cash flows from operating activities Prepayments 5 3 28 Other payables (13) 6 17 Amounts due to directors 10 3 2 Amounts due to shareholders 18 - - Cash utilised in operations (22) (64) (112) Cash flows from investing activities Interest received 2 6 10 Loans receivable 29 13 50 Net cash from investing activities 31 19 60 (Decrease)/increase in cash and cash equivalents 9 (45) (52) Cash and cash equivalents at the beginning of the 5 57 57 period Cash and cash equivalents at end of period 14 12 5 Cash at Bank C/F 14 12 5 The financial information set out above has not been reviewed or audited by the company's auditors. Basic and diluted profit per share is calculated by dividing the loss for the period of GBP55,000 (2019: loss GBP76,000) by the weighted average number of ordinary shares of 255,919,752 (2019: 255,919,752). The directors of Globe Capital Limited accept responsibility for this announcement. For further information Globe Capital Limited David Barnett Chairman +1-855-280-6793 CORPORATE ADVISER AND CONTACT DETAILS: Brian Stockbridge First Sentinel Corporate Finance 72 Charlotte Street London W1T 4QQ Tel +44 (0) 207 183 7405 E-mail: Brian@first-sentinel.com END
(END) Dow Jones Newswires
September 30, 2020 11:21 ET (15:21 GMT)
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