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VULC Vulcan Industries Plc

0.135
0.00 (0.00%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Vulcan Industries Plc AQSE:VULC Aquis Stock Exchange Ordinary Share GB00BKMDX634
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.12 0.17 0.145 0.135 0.145 0.00 16:29:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vulcan Industries Plc First Quarter Results

01/08/2023 7:00am

UK Regulatory


 
TIDMVULC TIDMVULC 
 
Unaudited Consolidated 
Statement of Comprehensive 
Income 
 
The comparatives have been 
restated to reflect 
discontinued activities 
                                      Quarter ended  Year ended   Year ended 
 
                                      30 June        31 March     31 March 
 
                                      2023           2023         2022 
 
                                                     As restated  As restated 
                                Note  £'000          £'000        £'000 
Continuing activities                                * 
Revenue                               231            1,165        46 
Cost of sales                         (134)          (689)        (29) 
Gross profit                          97             476          17 
Operating expenses                    (215)          (1,132)      (762) 
Other gains and losses                -              (131)        (280) 
Finance costs                         (92)           (439)        (390) 
Loss before tax                       (210)          (1,226)      (1,415) 
Income tax                            -              28           - 
Loss for the period from              (210)          (1,198)      (1,415) 
continuing activities 
Discontinued activities 
(Loss) / profit for the period  3     -              1,508        (2,272) 
from discontinued activities 
(Loss) / profit for the period        (210)          310          (3,687) 
attributable to the owners of 
the Company 
Other Comprehensive Income for                       -            - 
the period 
Total Comprehensive Income for        (210)          310          (3,687) 
the period attributable to 
owners of the Company 
Earnings per share 
-          Basic and Diluted    4     (0.02p)        (0.20p)      (0.40p) 
earnings per share for loss 
from continuing operations 
attributable to the owners of 
the Company (pence) 
-          Basic and Diluted    4     (0.02p)        0.05p        (1.06p) 
earnings per share 
attributable to the owners of 
the Company (pence) 
 
Unaudited 
Consolidated 
Statement of 
Financial 
Position 
                     At        At        At 
 
                     30 June   31 March  31 March 
 
                     2023      2023      2022 
 
                               As 
                               restated 
               Note  £'000     £'000     £'000 
 
Non-current 
assets 
 
Goodwill             718       718       945 
Other                262       270       317 
intangible 
assets 
Investments    5     3,426     3,350     500 
Property,            127       131       295 
plant and 
equipment 
Right of use                   -         403 
assets 
Total non            4,533     4,469     3,647 
-current 
assets 
 
Current 
assets 
 
Inventories          30        31        252 
Trade and            460       488       833 
other 
receivables 
Cash and bank        87        31        69 
balances 
Total current        577       550       1,154 
assets 
 
Total assets         5,110     5,019     3,614 
 
Current 
liabilities 
Trade and                      (1,630)   (2,698) 
other 
payables 
Lease                -         -         (125) 
liabilities 
Borrowings           (1,311)   (1,323)   (2,968) 
Total current        (3,234)   (2,953)   (5,791) 
liabilities 
 
Non-current 
liabilities 
Lease                -         -         (266) 
liabilities 
Borrowings           (1,854)   (1,854)   (674) 
Deferred tax         (31)      (31)      (38) 
liabilities 
Total non            (1,885)   (1,885)   (978) 
-current 
liabilities 
 
Total                (5,119)   (4,838)   (6,769) 
liabilities 
 
Net                  (9)       181       (3,155) 
(liabilities) 
/ assets 
Equity 
Share capital        349       348       211 
Share premium        9,846     9,827     6,645 
account 
Shares to be                   -         293 
issued 
Retained             (10,204)  (9,994)   (10,304) 
earnings 
 
Total equity         (9)       181       (3,155) 
attributable 
to the owners 
of the 
company 
 
                         Quarter ending  Year ended  Year ended 
 
                         30 June         31 March    31 March 
 
                         2023            2023        2022 
                         £'000           £'000       £'000 
 
Revenue                  -               926         5,049 
Cost of sales            -               (825)       (4,061) 
Gross margin             -               101         988 
Operating expenses       -               (234)       (1,700) 
Other Income             -               39          20 
Impairment charge        -               -           (2,189) 
Finance costs            -               (49)        (113) 
Loss before tax on       -               (143)       (2,994) 
discontinued 
activities 
Tax credit on            -               -           68 
discontinued 
activities 
Profit on disposal of    -               1,651       654 
discontinued 
activities 
Profit / (loss) on       -               1,508       (2,272) 
discontinued 
activities 
 
The calculation of the basic          Quarter ending  Year ended   Year ended 
earnings / loss per share is based 
on the following data                 30 June         31 March     31 March 
 
                                      2023            2023         2022 
                                      £'000           £'000        £'000 
Loss for the period from              (210)           (1,198)      (1,415) 
continuing activities 
Earnings / (loss) for the period      (210)           310          (3,687) 
for the purposes of basic loss per 
share attributable to equity 
holders of the Company 
Weighted average number of            872,139,327     597,992,325  346,819,139 
Ordinary Shares for the purposes 
of basic loss per share 
Basic loss per share (pence) from     (0.02p)         (0.20p)      (0.4p) 
continuing activities 
Earnings / (loss) per share           (0.02p)         0.05p        (1.06p) 
(pence) attributable to equity 
holders of the Company 
 
                                                           At       At 
 
                                                           30 June  31 March 
 
                                                           2023     2022 
                                                           £'000    £'000 
MBH Corporation PLC - Medium Term Notes                    500      500 
 
Battery Storage Project 
-          At 31 March 2023                                2,850    - 
-          Expenditure capitalized during the quarter      76       - 
-          At 30 June 2023                                 2,926    - 
 
                                                           3,426    500 
 
Vulcan Industries plc        Via Vox Markets 
Ian Tordoff, Chairman 
 
First Sentinel Corporate     +44 7876 888 011 
Finance Ltd (AQSE Corporate 
Adviser) 
Brian Stockbridge and 
Gabrielle Cordeiro 
 
Vox Markets (Media and       vulcan@voxmarkets.co.uk 
Investor Relations) 
Paul Cornelius               + 44 7866 384 707 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/vulcan-industries-plc/r/first-quarter-results,c3811838 
 
 
END 
 
 

(END) Dow Jones Newswires

August 01, 2023 02:00 ET (06:00 GMT)

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