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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
BWA Group plc | AQSE:BWAP | Aquis Stock Exchange | Ordinary Share | GB0033877555 | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.465 | 0.45 | 0.50 | 0.475 | 0.465 | 0.475 | 0.00 | 16:29:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBWAP 2 February 2017 GB0033877555 BWA GROUP PLC ("BWA" or the "Company") UNAUDITED FINANCIAL INFORMATION FOR THE SIX MONTHSED 31 OCTOBER 2016 CHAIRMAN'S STATEMENT Dear Shareholder The Board of BWA Group plc is pleased to present the results for the half year to 31 October 2016. The Company continues to seek a suitable investment or investments which will be value enhancing for shareholders. The results for the period comprise only the costs of administering the Company for the six months, resulting in an operating loss of GBP23,019. The comparative figures include income generated by the reimbursement of costs incurred in relation to a previous potential acquisition. The Board has held detailed discussions with three possible acquisitions in the period under review but, in the end, each failed to progress to a proposition we could recommend to shareholders. The Board also continues to monitor the progress of the two major investments, Prego International Limited and Mineralfields Group Limited, both of which remain committed to moving to a listing or trade sale when possible. Shareholders may be assured the Board is seeking every possible opportunity to develop the Company. Richard Battersby Chairman The Directors of BWA are responsible for the contents of this announcement. For further information please contact: BWA Group Plc Richard Battersby (Non-Executive Chairman) 07836 238 172 Peterhouse Corporate Finance Limited Mark Anwyl or Duncan Vasey 020 7469 0930 INCOME STATEMENT Six months ended Notes 31 October 2016 Year ended Unaudited 30 April 2016 GBP Audited GBP Turnover - 225,311 Cost of sales - (136,483) ------ ------ Gross profit - 88,828 Administrative expenses (23,019) (65,115) ------ ------ Operating (loss)/profit (23,019) 23,713 Interest receivable and 12 - similar income ------ ------ (Loss)/profit on ordinary activities before and (23,007) 23,713 after taxation and retained for the period [DEL:------:DEL] [DEL:------:DEL] (Loss)/earnings per 2 0.02 ordinary share - basic (0.02) (pence) [DEL:------:DEL] [DEL:------:DEL] (Loss)/earnings per ordinary share -diluted 2 (pence) (0.02) 0.02 [DEL:------:DEL] [DEL:------:DEL] All amounts relate to continuing activities. STATEMENT OF OTHER COMPREHENSIVE INCOME Six months Year ended Notes ended 30 April 2016 31 October Audited 2016 GBP Unaudited GBP (Loss)/profit for the (23,007) 23,713 period Other comprehensive income Unrealised (loss)/gain on revaluation of investments 4 (222) 453 ------ ------ Total comprehensive income (23,229) 24,166 for the period [DEL:------: [DEL: - --- :DEL] DEL] BALANCE SHEET Notes At 31 October At 30 April 2016 2016 Unaudited Audited GBP GBP Fixed Assets Available-for-sale 618,255 618,477 Investments Current assets Debtors and prepayments 7,375 20,125 Cash at bank and in 41,593 48,357 hand ------ ------ 48,968 68,482 Creditors: amounts falling (105,216) (106,413) due within one year ------ ------ Net current liabilities (56,248) (37,931) ------ ------ Total assets less current 562,007 580,546 liabilities [DEL:------: [DEL:------:DEL] DEL] Capital and reserves Called up share capital 3 560,788 560,788 Share premium 4 12,663 12,663 Capital redemption 4 288,625 288,625 reserve Available-for-sale 4 617,865 618,087 revaluation reserve Profit and loss account 4 (917,934) (899,617) ------ ------ Shareholders' funds 562,007 580,546 [DEL:------: [DEL:------:DEL] DEL] CASH FLOW STATEMENT Six months Year ended ended 30 April 31 October 2016 2016 Audited Unaudited GBP GBP Cash flows from operating (16,276) 43,258 activities Cash flows from investing activities Sale of fixed asset investments 9,500 2,500 Interest received 12 - ------ ------ 9,512 2,500 ------ ------ (Decrease)/increase in cash and (6,764) 45,758 cash equivalents Cash and cash equivalents at 48,357 2,599 beginning of year ------ ------ Cash and cash equivalents at end 41,593 48,357 of year [DEL:------: [DEL:------: DEL] DEL] NOTES TO THE FINANCIAL INFORMATION 1. Status of these accounts The interim accounts for the period from 1 May 2016 to 31 October 2016 are unaudited. The financial information set out in this statement does not constitute statutory accounts within the meaning of the Companies Act 2006. 2. Earnings per ordinary share Basic and diluted earnings per share figures are based on the following (losses) / profits and numbers of shares: Six months ended Year ended 31 October 30 April 2016 2016 Audited Unaudited GBP GBP (Loss)/profit before tax (23,007) 23,713 [DEL:--- [DEL: --:DEL] ---- --: DEL] Weighted average number of shares 112,157,725 112,157,725 for the purpose of basic earnings per share Effect of dilutive potential ordinary - - shares: Share options ------ ------ Weighted average number of shares 112,157,725 112,157,725 for the purpose of diluted earnings per share [DEL:--- [DEL:--- --:DEL] --:DEL] 3.Share capital At At 31 October 30 April 2016 2016 Allotted, called up GBP GBP and fully paid Number: Class Nominal value 112,157,725 Ordinary 0.5p 560,788 560,788
[DEL:--- [DEL:--- --:DEL] --:DEL] 4.Reserves Capital AFS Share redemption revaluation Profit and Total premium reserve reserve loss account GBP GBP GBP GBP GBP At 1 May 2016 12,663 288,625 618,087 (899,617) 19,758 Revaluation of - - (222) AFS investments - (222) Share-based - - - 4,690 4,690 payment Loss for the - - - (23,007) (23,007) period ------ ------ ------ ------ ------ At 31 October 12,663 288,625 617,865 (917,934) 1,219 2016 [DEL:- [DEL:-- [DEL: [DEL: [DEL:-- --: --: --:DEL] --:DEL] --:DEL] DEL] DEL] END
(END) Dow Jones Newswires
February 02, 2017 11:31 ET (16:31 GMT)
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