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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Qihang Equip | LSE:QIH | London | Ordinary Share | GB00B030LW50 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEBIV
RNS Number : 6945A
Eastbridge Investments PLC
30 September 2015
Eastbridge Investments Plc
(The "Company" or "Eastbridge")
Interim Results for the six months ended 30 June 2015
I am pleased to present the interim results for Eastbridge Investments Plc for the six months ended 30 June 2015.
Financial Overview
There was a loss from continuing operations for the period of GBP161,000 (2014: GBP12,188 restated).
Review of Activities
On 9 January 2015 Eastbridge held a general meeting at which the disposal of the Company's former business and adoption of a new investing policy focused on the property and real estate sector was approved by shareholders.
Since then, we have successfully raised over GBP400,000 through the issue of new equity to investors in order to progress our investing policy and have identified a number of potential investment targets. However, it has become apparent to the Directors that the likelihood of obtaining the additional financing required to complete any of these investments, for which approximately another GBP600,000 would be needed, is slim and diminishing. As such we have been considering how best to generate possible returns for shareholders and expect to make further announcements in the near future.
Greg Collier
Chairman
30 September 2015
Enquiries:
Greg Collier, Chairman Tel: 07830 182501 ------------------------------------ ------------------- Nominated Adviser Tel: 020 7382 1100 Northland Capital Partners Limited William Vandyk / Matthew Johnson ------------------------------------ ------------------- Broker Tel: 020 7469 0930 Peterhouse Corporate Finance Fungai Ndoro/ Lucy Williams ------------------------------------ -------------------
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 JUNE 2015
Note Six months Six months Restated ended 30 ended 30 Year ended June 2015 June 2014 31 December Unaudited Unaudited 2014 Audited GBP'000 GBP'000 GBP'000 Revenue - 6,875 - Cost of sales - (5,396) - ------------ ------------ ------------- Gross profit - 1,479 - Other operating income - 47 - Distribution expenses - (335) - Administrative expenses (157) (1,542) (257) ------------ Loss from operations (351) (257) Non-operating income net of - 36 - expenses Income from subsidies - - - Investment income - 38 - Finance costs (4) (715) (11,931) ------------ Loss before tax (161) (991) (12,188) Income tax (expense)/credit 6 - - ------------ ------------ ------------- Loss for the period (161) (991) (12,188) ============ ============ ============= Total comprehensive income for the period (161) (991) (12,188) ============ ============ ============= Loss attributable to Equity holders of the company (161) (991) (12,188) ============ Loss per share Basic and diluted 4 (0.122) (0.008) (20.30)p
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2015
Note 30 June 30 June Restated 2015 2014 31 December Unaudited Unaudited 2014 Audited GBP'000 GBP'000 GBP'000 Non-current assets Property, plant and equipment 160 16,206 - Intangible assets - 3,960 - Deferred tax assets - 489 - ------------ ------------ ------------- 160 20,656 - ------------ ------------ ------------- Current assets Inventories - 10,267 - Trade and other receivables 2 5,465 2 Cash and cash equivalents 8 3,209 106 ------------ ------------ ------------- 10 18,942 108 ------------ ------------ ------------- Total assets 170 39,598 108 ============ ============ ============= Equity and reserves Share capital 1,517 1,501 1,501 Share premium 8,708 8,260 8,260 Other reserves 30 (1,363) 11 Retained earnings (10,279) (5,615) (10,118) ------------ (24) 2,783 (346) ------------ ------------ ------------- Non-current liabilities Borrowings 90 4,580 39 Deferred tax liabilities - 965 - ------------ ------------ ------------- 90 5,545 39 ------------ ------------ ------------- Current liabilities Borrowings - 14,620 - Income tax liabilities - 102 - Trade and other payables 104 16,548 415 ------------ ------------ ------------- 104 31,270 415 ------------ Total liabilities 194 36,815 454 ============ ============ ============= Total equity and liabilities 170 39,598 108 ============ ============ =============
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2015
Share Share Retained Loan Note Total capital premium earnings Equity equity Reserve GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 At 31 December 2013 1,451 8,260 2,070 - 11,781 Issue of Share capital 50 - - - 50 Convertible loan note - - - 11 11 ---------- ---------- ----------- ------------ --------- Total comprehensive loss for the year - - (12,188) - (12,188) ---------- ---------- ----------- ------------ --------- At 31 December 2014 1,501 8,260 (10,118) 11 (346) Issue of share capital 16 488 - - 504 Share issue costs - (40) - - (40) Redemption of loan note - - - (11) (11) Issue of loan note - - - 30 30 ---------- ---------- ----------- ------------ --------- Total comprehensive loss for year - - (161) - (161) ---------- ---------- ----------- ------------ --------- Balance at 30 June 2015 1,517 8,708 (10,279) 30 (24)
(MORE TO FOLLOW) Dow Jones Newswires
September 30, 2015 03:17 ET (07:17 GMT)
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