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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nettworx | LSE:NTWX | London | Ordinary Share | GB00B0TLVX30 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5645E Nettworx PLC 27 September 2007 Nettworx Plc 27 September NETTWORX PLC INTERIM RESULTS FOR THE PERIOD TO 30 JUNE 2007 Nettworx Plc was established in order to acquire companies and businesses which can benefit from the convergence of voice, video, data, fixed line and mobile networks, and was admitted to trading on AIM on 21 December 2005. Since this date, the Company has evaluated a number of acquisitions. In April 2007 the Company made one investment, in Sim4Travel Holdings Plc, a public company carrying on the business as a supplier of telephone services and facilities. The Directors continue to have discussions in a number of areas which they hope will prove to be constructive building blocks in the development of the group. The Directors will continue to report on developments as they progress. Apart from the above investment and requisite professional costs, the subscription monies are largely intact. Highlights - Profit per share for the six months to June 2007 was 0.05 pence - At the period end, the Company had investments of #1.9m and cash at bank of #7.7m For further information contact Jonathan Rowland - Nettworx Plc 020 7087 7975 Mark Ashurst - Canaccord Adams Limited 020 7050 6500 NETTWORX PLC PROFIT AND LOSS ACCOUNT Six months From incorp From incorp Ended to to 30 June 30 June 31 December 2007 2006 2006 Notes (unaudited) (unaudited) (audited) # # # Net operating expenses (96,484) (159,680) (293,480) OPERATING LOSS (96,484) (159,680) (293,480) Net interest receivable 165,710 122,077 325,219 PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 69,226 (37,603) 31,739 Taxation (11,880) - (9,522) RETAINED PROFIT FOR THE PERIOD 57,346 (37,603) 22,217 Profit/(Loss) per ordinary share-Basic (pence) 3 0.05 (0.03) 0.02 Profit/(Loss) per ordinary share-Diluted (pence) 3 0.05 (0.03) 0.02 NETTWORX PLC BALANCE SHEET Six months From incorp From incorp Ended to to 30 June 30 June 31 December 2007 2006 2006 Notes (unaudited) (unaudited) (audited) # # # CURRENT ASSETS Investments 1,937,972 - - Debtors 36,591 18,512 1,275 Cash at bank 7,716,256 9,514,775 9,565,931 9,690,819 9,533,287 9,567,206 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (102,768) (62,402) (36,501) NET ASSETS 9,588,051 9,470,885 9,530,705 CAPITAL AND RESERVES Called up share capital 1,110,000 1,110,000 1,110,000 Share premium account 8,398,488 8,398,488 8,398,488 Profit and loss account 79,563 (37,603) 22,217 EQUITY SHAREHOLDERS' FUNDS 9,588,051 9,470,885 9,530,705 NETTWORX PLC CASH FLOW STATEMENT Six months From incorp From incorp Ended to to 30 June 30 June 31 December 2007 2006 2006 Notes (unaudited) (unaudited) (audited) # # # Net cash outflow from operating activities 4 (77,413) (115,790) (267,776) Returns on investments and servicing of finance 5 165,710 122,077 325,219 Investing activities (1,937,972) CASH (OUTFLOW)/ INFLOW BEFORE FINANCING (1,849,675) 6,287 57,443 Financing - 9,508,488 9,508,488 (DECREASE)/INCREASE IN CASH IN THE PERIOD (1,849,675) 9,514,775 9,565,931 RECONCILIATION OF MOVEMENT IN EQUITY SHAREHOLDERS' FUNDS Six months From incorp From incorp Ended to to 30 June 30 June 31 December 2007 2006 2006 Notes (unaudited) (unaudited) (audited) # # # Profit/(Loss) for the period 57,346 (37,603) 22,217 New share capital issued net of costs - 9,508,488 9,508,488 Net addition shareholders' funds 57,346 9,470,885 9,530,705 Opening equity shareholders' funds 9,530,705 Closing equity shareholders' funds 9,588,051 9,470,885 9,530,705 Nettworx Plc NOTES TO THE INTERIM REPORT 1 The company was incorporated on 4th October 2005 and was admitted to the Alternative Investment Market (AIM) on 21st December 2005, when it commenced its business. The unaudited interim accounts for the period ending 30th June 2007 have been prepared on the basis of the accounting policies expected to apply for the current financial period, under the historical cost convention and in accordance with applicable accounting standards. The company will be required to adopt Financial Reporting Standard 19 "deferred tax" in its statutory financial statements for the period ending 31st December 2007, but this is not expected to require material adjustments to the current results. The financial information contained in this report does not constitute statutory accounts for the company within the meaning of section 240 of the Companies Act. 2 The directors do not recommend the payment of a dividend. 3 The basic and diluted earnings per share are based on the profit for the financial period of #57,346 and the following weighted average number of shares in issue during the period ending 30th June 2007. Basic 111,000,000 Diluted 122,000,000 4 Reconciliation of operating loss to net cash outflow from operating activities # Operating loss (96,484) Increase in creditors 66,267 ---------- Increase in debtors (35,316) Taxation paid (11,880) ---------- Net cash flow from operating activities (77,413) ========== 5 Returns on investment and servicing of finance # Bank interest 165,710 ---------- Net cash outflow from returns on investments and servicing of Finance 165,710 ========== 6 Financing # Proceeds from share issue 10,110,000 Costs of AIM flotation and share issue (601,512) ---------- Net cash inflow from financing 9,508,488 ========== 7 This interim statement will be sent to all shareholders and is also available from the company's registered office at 5 Savile Row, London, W1S 3PD This information is provided by RNS The company news service from the London Stock Exchange END IR KGGZLVVMGNZM
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