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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Black Arrow | LSE:BLKA | London | Ordinary Share | GB0001014975 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 52.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4544E Black Arrow Group PLC 29 November 2002 BLACK ARROW GROUP PLC SUMMARY OF GROUP INTERIM RESULTS (UNAUDITED) #'000 Half year Year September Ended March 2002 2001 2002 TURNOVER Leasing & Instalment finance 389 520 1,010 Office furniture Manufacturing Distribution and partitioning 9,609 8,426 16,990 9,998 8,946 18,000 Operating Profit 815 -17 316 Interest receivable 125 179 301 Interest payable -2 -2 -4 Profit on ordinary activities before taxation 938 160 613 Taxation on profits on ordinary Activities (Note 1) -291 -50 -189 Profit on ordinary activities after taxation 647 110 424 Minority Interests -9 25 -10 Profit attributable to members of 638 135 414 the parent company Dividends Nil Nil -206 Profits retained 638 135 208 PER SHARE Earnings (Note 2) 3.09p 0.63p 1.95p Diluted Earnings (Note 2) 3.09p 0.63p 1.95p Dividends Nil Nil 1.00p STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES For the half year to 30th September Year Ended March 2002 2001 2002 Profit attributable to shareholders of the parent undertaking 638 135 414 Unrealised surplus on revaluation of - - 290 properties 638 135 704 NOTE OF HISTORICAL COST PROFITS AND LOSSES For the half year to 30th September Year Ended March 2001 2001 2002 Reported Profit on ordinary activities before Taxation 938 160 613 938 160 613 Historical cost profit for the period retained after taxation, minority interests, dividends and other appropriations 638 135 208 SUMMARISED CONSOLIDATED BALANCE SHEET as at 30th September At 31March 2002 2001 2002 FIXED ASSETS 8,108 7,099 8,372 CURRENT ASSETS Stocks 2,289 2,360 1,977 Debtors falling due within 1 year 5,478 6,217 4,932 Debtors falling due after 1 year 1,969 2,044 2,313 Cash & bank Balances 7,125 6,616 6,120 16,861 17,237 15,342 CREDITORS - amounts falling due within one year 4,460 4,481 3,801 NET CURRENT ASSETS 12,401 12,756 11,541 TOTAL ASSETS LESS CURRENT LIABILITIES 20,509 19,855 19,913 PROVISIONS FOR LIABILITIES AND CHARGES 100 100 100 20,409 19,755 19,813 CAPITAL & RESERVES Called up share capital 4,128 4,279 4,148 Share premium account 285 285 285 Revaluation Reserve 1,513 1,223 1,513 Other Reserves 908 757 888 Profit & Loss Account 13,523 13,203 12,936 20,357 19,747 19,770 MINORITY INTERESTS 52 8 43 SHAREHOLDERS FUNDS 20,409 19,755 19,813 CONSOLIDATED STATEMENT OF CASH FLOWS For the half year to 30th September Year Ended March 2002 2001 2002 Net cash inflows from operating activities 1,133 583 2,787 Net cash inflow from returns on investments and servicing of finance 123 177 297 Taxation -284 -491 -890 Net cash inflow/(outflow) from capital expenditure and Financial 84 -770 -2106 Investments Equity dividends paid - - -746 Net cash flow before financing 1,056 -501 -658 Financing -51 -40 -380 Increase/(decrease) in cash 1,005 -541 -1038 Net cash inflow from operating activities Operating Profit 815 -17 316 Depreciation 229 277 557 Other items -49 -11 62 Working capital 138 334 1852 1,133 583 2,787 1. The charge for the six months to 30th September 2002 is based on the estimated rate chargeable for the year to 31st March 2003 2. The basic earnings per share calculation complies with the provisions of FRS 14 and is based on profit attributable to members and the weighted average number of shares in issue during this period, excluding the shares held by the ESOP Trust. Diluted earning per share take into account outstanding share options and complies with FRS 14. 3. The above financial information has neither been audited nor reviewed and does not constitute statutory accounts as defined in section 240 of the Companies Act 1985 and has not been delivered to the Registrar of Companies. 4. The figures for the year ended 31st March 2002 are taken from the accounts filed with the Registrar of Companies. The auditor's report on these accounts was unqualified. 5. Copies of the Chairman's Statement and the Interim Results are being distributed to Shareholders. Copies will also be available from the Company Secretary, Black Arrow Group plc, 748 London Road, Hounslow, Middlesex TW3 1PD CHAIRMAN'S COMMENTARY Although our turnover in the period only increased by about 11%, the cost reductions that I referred to in my annual statement have borne fruit. In consequence profit before tax increased from #160,000 to #938,000. I must say, however, that there is little likelihood of our achieving much better than a break even situation in the second half of the year. Trading conditions remain extremely difficult and, at this juncture, I can see no evidence that things are going to get any better. We would, nevertheless, expect to benefit from any upturn in the economy. In view of this your directors have decided not to pay an interim dividend 29th November, 2002 Arnold Edward Chairman Telephone No: 020 8572 7474 This information is provided by RNS The company news service from the London Stock Exchange END IR BKCKDCBDKKDB
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