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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Pioneer Plc | LSE:ASP | London | Ordinary Share | IM00B8C0HK22 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.75 | 3.50 | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5945P Aspinalls Online PLC 10 September 2003 The Unaudited Interim Statement of Aspinalls Online plc ("Aspinalls" or "the Company") for the six months ended 30 June 2003 Interim Statement Six months ended 30 June 2003 As set out in my last Chairman's Statement, and following a strategic review by the Board, on 16 April 2002 the Company's principal operating subsidiary entered into agreements to outsource to Golden Palace Limited the management of the online casino operations formerly operated by the Group, in return for a share of net revenue. The unaudited results for the six months ended 30 June 2003 are attached. Turnover of #59,000 for the period comprised the share of net revenue derived from the agreement with Golden Palace Limited, and the net profit for the period amounted to #10,000. No dividend is proposed in respect of the period. The net loss for the period ended 30 June 2002 is not comparable, as this included revenue from the online trading operations, as well as non recurring costs in connection with the run down of the operations. Damian Aspinall Chairman 10 September 2003 Interim Statement Profit and loss account for the six months ended 30 June 2003 6 months 6 months Ended ended Year ended 30 June 30 June 31 December 2003 2002 2002 Unaudited Unaudited Audited #'000 #'000 #'000 Turnover Revenue from Gaming operations 59 517 559 Cost of Sales - (376) (346) ------------ ----------- ---------- Gross Profit 59 141 213 Administrative and operating Expenses (71) (1,080) (1,240) Exceptional administrative and operating expenses - (444) (456) ------------ ----------- ---------- Operating loss (12) (1,383) (1,483) Interest 22 25 39 ------------ ----------- ---------- Profit/(Loss) on ordinary activities before Taxation 10 (1,358) (1,444) Tax on loss on ordinary activities - - - ------------ ----------- ---------- Retained profit/(loss) for the period 10 (1,358) (1,444) ======= ======= ====== Earnings/(Loss) per share - basic and fully diluted 0.00p (0.46)p (0.49)p ======= ======= ====== Consolidated Balance Sheet As at 30 June 2003 30 June 31 December 2003 2002 Unaudited Audited #'000 #'000 Current assets Debtors 104 111 Cash at bank 1,157 1,259 ---------- --------- 1,261 1,370 ---------- --------- Creditors: Amounts falling due within one year (471) (590) ---------- --------- Net current assets 790 780 ---------- --------- Total assets less current liabilities 790 780 ====== ===== Capital and reserves Called up share capital 43,827 43,827 Capital redemption reserve 670 670 Other reserves (391) (391) Profit and loss account (43,316) (43,326) ---------- --------- Equity shareholders' funds 790 780 ====== ====== Cash Flow Statement As at 30 June 2003 6 months 6 months ended 30 Year ended 31 June 2002 December 2002 ended 30 June 2003 #'000 #'000 #'000 Unaudited Unaudited Audited #'000 #'000 #'000 Net cash outflow from operating activities (112) (1,387) (1,201) ------------- ------------- ------------- Returns on investments and servicing of finance Interest received 23 25 61 ------------- ------------- ------------- Taxation paid - - - Investing activities Sale of tangible fixed assets - 12 ------------- ------------- ------------- Net cash inflow from investing activities - 12 - ------------- ------------- ------------- Decrease in cash and cash equivalents (89) (1,350) (1,140) ======== ======== ======== Notes: 1. No dividend is proposed to be paid in respect of the period. 2. The results and summary balance sheet incorporate the unaudited results of Aspinalls Online plc and all its subsidiaries made up to 30 June 2003 and have been prepared on the basis of accounting policies stated in the audited accounts for the year ended 31 December 2002. 3. Turnover Turnover comprises the share of net revenue derived from the agreement with Golden Palace Limited for June 2003. Turnover in respect of prior periods including revenue from online trading operations is not comparable. 4. Basic earnings per share is based on the profit after tax for the period of #10,000 (30 June 2002: loss of #1,358,000, 31 December 2002: loss of #1,444,000) divided by the weighted average of 292,179,775 (30 June and 31 December 2002: 292,179,775) ordinary shares in issue during the period. 5. Reconciliation of operating loss to net cash outflow from operating activities: 6 months ended 6 months ended Year ended 31 December 2002 30 June 2003 30 June 2002 #'000 #'000 #'000 Operating loss (12) (1,383) (1,483) Depreciation - 15 79 Decrease in debtors 6 430 807 Decrease in creditors (106) (449) (604) ------------ ------------ ------------ (112) (1,387) (1,201) ======= ======= ======= 6. The results for the year ended 31 December 2002 have been extracted from the statutory accounts of the Group for that year which have been filed with the Registrar of Companies. The auditor's report on these accounts was unqualified and did not contain any statement under Section 237 of the Companies Act 1985. 7. The unaudited profit and loss account for each of the six month periods and the unaudited balance sheet as at 30 June 2003 do not amount to full accounts within the meaning of Section 240 of the Companies Act 1985 and have not been delivered to the Registrar of Companies. 8. Further copies of this Interim Statement may be obtained from the Company's registered office at 64 Sloane Street, London SW1X 9SH. This information is provided by RNS The company news service from the London Stock Exchange END IR URVKROBRKARR
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