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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
G.R.(Hldgs) | LSE:GRH | London | Ordinary Share | GB0003581526 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2387J G.R. Holdings PLC 20 September 2006 G.R. (Holdings) plc Consolidated Profit and Loss Account For the year ended 30 June 2006 2006 2005 # # # Turnover Continuing operations 1,037,090 696,991 Discontinued operations - 2,559,208 1,037,090 3,256,199 Operating loss Continuing operations (258,243) (408,892) Discontinued operations - (126,924) Profit on disposal of US investments 214,924 Profit on disposal of investments and fixed 44,963 assets Adjustment to provision against investments 245,130 (250,000) 246,774 (535,816) Exceptional profit on disposal of business - 7,183,308 Profit on ordinary activities before interest 246,774 6,647,492 Interest receivable and similar income 529,552 298,736 Interest payable and similar charges (1,754) (5,450) 527,798 293,286 Profit on ordinary activities before taxation 774,572 6,940,778 Tax on profit on ordinary activities 119,789 (241,397) Profit for the financial year 894,361 6,497,115 Earnings per share 5.5p 49.6p G.R. (Holdings) plc Consolidated Balance Sheet As at 30 June 2006 2006 2005 # # # Fixed assets Intangible assets 1 1 Tangible assets 542,329 364,351 Investments 1,245,318 1,468,377 1,787,648 1,832,730 Current assets Stocks 81,929 79,748 Debtors 123,043 149,707 Cash at bank and in hand 3,218,046 11,759,771 3,423,018 11,989,226 Creditors : amounts falling due within one year 368,228 220,146 Net current assets 3,054,790 11,769,080 Total assets less current liabilities 4,842,438 13,601,810 Creditors : amounts falling due after more than one year Preference shares 1,550,108 1,550,108 Provision for liabilities and charges Deferred taxation - 143,000 3,292,330 11,908,702 Capital and reserves Called up share capital - equity interests 658,405 658,405 Capital redemption reserve 425,000 425,000 Revaluation reserve 1,055,526 606,344 Share premium account 198,396 198,396 Profit and loss account 955,003 10,020,577 Shareholders funds 3,292,330 11,908,702 G.R (Holdings) plc Notes: 1. The summary of results for the year ended 30 June 2006 does not constitute full financial statements within the meaning of Section 240 of the Companies Act 1985. 2. The board has decided to declare a final dividend of 1.0p, (2005 - 1.0p) for the year ending 30 June 2006 on the ordinary shares of the company. This will be paid on 20 November 2006 to those shareholders on the Register of Members on 20 October 2006. 3. The calculation of earnings per share is based on a profit of #774,572 (2005: #6,940,778) being the profit after taxation and after deducting preference dividends, and on 13,168,100 ordinary shares of 5p each (2005: 13,168,100). 4. The Annual General Meeting will be held at 11.00am on 10 November 2006 at the offices of Evolution Securities Limited, 100 Wood Street, London EC2V 7AN. 5. Copies of the 2006 Report and Accounts are being sent to shareholders in due course. Further copies are available from the Company's registered office at 7 Queripel House, 1 Duke of York Square, London SW3 4LY. G.R. (HOLDINGS) PLC PRELIMINARY ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 30 JUNE 2006 CHAIRMAN'S STATEMENT The pre-tax profit of the group on ordinary activities for the year ended 30 June 2006 was #774,572 (2005 - #6,940,778). After taxation, the profit attributable to members of the company is #894,361 against #6,669,381 for the previous year. The turnover from continuing operations increased from #696,991 to #1,037,090. Morland's turnover increased by approximately 49%, which gave rise to a profit for the year of #87,759, but unfortunately we lost the contract with our largest customer in March. During the year, four of the partnerships in land in the USA disposed of the entirety of their holding, of which partial sales had been made in previous years in one of these partnerships. In addition, partial sales were made by two of the partnerships during the year. These disposals, of #1,026,863 have resulted in a profit of #214,924. At the year end we were still involved as limited partners in eight partnerships. At the year end, our stock increased by #2,181. Debtors have increased by #6,448 whilst creditors have decreased by #1,918. Net cash at bank and in hand has decreased by #8,541,725 to #3,218,046. largely as a consequence of the below mentioned special dividend. Since the year end, the trading position of Morlands has been adversely affected by the loss of its major contract and unfortunately the company is now trading at a loss. Of the remaining eight partnerships in which we still have interests, one constitutes over 50% of the value of such partnerships amounting to #431,441. This investment has been held since December 1987 and no serious offers for it have been received to date. Earlier this month a sale was completed by a property company in which Mintbay Limited has a 50% interest resulting in the group achieving the value stated in the accounts at which this investment has been stated in accounts. On 30 June 2006, we paid a special dividend of 72.1p per share amounting to #9,494,200. Overall, I am pessimistic regarding the results for the current year and the probability is that fairly substantial losses will result, despite continuing efforts to reduce our overheads to a minimum. Finally, I would like to thank my co-director and all the staff for their support and efforts during the year. A.D. Stalbow Chairman 20 September 2006 This information is provided by RNS The company news service from the London Stock Exchange END FR LMMATMMBTBMF
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