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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ofex Holdings | LSE:OFX | London | Ordinary Share | GB0032654641 | 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% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMPLMO
RNS Number : 4519A
Polemos PLC
28 September 2015
For immediate release 28 September 2015
Polemos plc
("Polemos" or the "Company")
Unaudited interim results for the six months ended 30 June 2015
The Board of Polemos announces the unaudited interim results for the six months ended 30 June 2015.
The interim results appear below and a copy will shortly be made available on the Company's website http://www.polemos.co.uk/.
For further information, please contact:
Polemos plc +44 (0)20 Donald Strang/Hamish Harris 7440 0640 Beaumont Cornish Limited (Nominated Adviser and Broker) Roland Cornish +44 (0)20 Michael Cornish 7628 3396
Chairman's statement
The Board continues to evaluate new investment opportunities as they arise. In the short term, the Company has investments in listed securities with, what the Board believes to be, high levels of liquidity within the natural resources sector.
The Company continues to review a number of potential new investment opportunities in accordance with its investing policy and further announcements will be made in due course as appropriate.
Financial Results
During the period, the Company made a loss before taxation from continuing operations of GBP38,000 (6 months ended 30 June 2014: loss GBP168,000). There was a weighted loss per share from continuing operations of 0.01p (6 months ended 30 June 2014: loss per share of 0.04p).
Cash and cash equivalents at 30 June 2015 amounted to GBP263,000 (30 June 2014: GBP445,000).
Outlook
Your Board is continuing to review a number of other investment opportunities in accordance with its investing policy and further announcements will be made as appropriate.
Donald Strang
Chairman
28 September 2015
Unaudited Condensed Company Statement of Comprehensive Income
for the six months ended 30 June 2015
Hot Features
Premium
Six months ended Six months ended Year ended
30 June 2015 Unaudited 30 June 2014 Unaudited 31 December 2014 Audited
GBP'000 GBP'000 GBP'000
Revenue - - -
Administrative expenses (38) (168) (284)
Investment Income - - 26
----------------------- ----------------------- -------------------------
Operating loss (38) (168) (258)
Finance income - - -
----------------------- ----------------------- -------------------------
Loss before taxation (38) (168) (258)
Taxation - - -
----------------------- ----------------------- -------------------------
(Loss) for the period attributable to
equity holders of the parent (38) (168) (258)
Other Comprehensive Income:
Other comprehensive income
Items that may be subsequently
reclassified to profit or loss:
Transfers to income statement - - 20
Decrease in value of available for sale
asset (17) (28) (129)
----------------------- ----------------------- -------------------------
Total other comprehensive income (17) (28) (109)
Total comprehensive income for the
period attributable to equity holders
of the company (55) (196) (367)
----------------------- ----------------------- -------------------------
Loss per share
Earnings per share - basic and diluted
(pence) (0.01) (0.04) (0.04)
Unaudited Condensed Company Statement of Financial Position
as at 30 June 2015
As at As at As at
30 June 2015 Unaudited 30 June 2014 Unaudited 31 December 2014 Audited
GBP'000 GBP'000 GBP'000
Non-current assets
Available-for-sale financial assets 100 226 117
Total non-current assets 100 226 117
----------------------- ----------------------- -------------------------
Current assets
Trade and other receivables 13 13 4
Cash and bank balances 263 445 342
Total current assets 276 458 346
----------------------- ----------------------- -------------------------
Total assets 376 684 463
----------------------- ----------------------- -------------------------
Current liabilities
Trade and other payables (42) (123) (74)
Total current liabilities (42) (123) (74)
----------------------- ----------------------- -------------------------
Net current assets 234 335 272
----------------------- ----------------------- -------------------------
Net assets 334 561 389
----------------------- ----------------------- -------------------------
Equity
Share capital 19,395 19,396 19,395
Share premium account 18,441 18,441 18,441
Share based payment reserve 63 - 63
Available-for-sale asset reserve (206) (85) (189)
Retained deficit (37,359) (37,255) (37,321)
Equity attributable to equity holders
of the parent 334 561 389
----------------------- ----------------------- -------------------------
Unaudited Condensed Company Statement of Cash Flows
for the six months ended 30 June 2015.
Six months ended 30 June Six months ended 30 June Year ended
2015 Unaudited 2014 Unaudited 31 December 2014 Audited
GBP'000 GBP'000 GBP'000
Net (loss) from operating
activities (38) (168) (258)
Adjustments for non-cash
items:
Bad debts written-off - - 2
(Gain) on disposal of AFS
assets - - (23)
Operating cash flows before
movements in working capital (38) (168) (279)
(Increase)/decrease in trade
and other receivables (9) 3 10
(Decrease)/increase in trade
and other payables (32) 35 (14)
Net cash (outflow) from
operating activities (79) (130) (283)
---------------------------- ---------------------------- -------------------------
Investing activities
Purchase of available for
sale financial assets - - (101)
Proceeds from disposal of
available-for-sale financial
assets - 78 230
(MORE TO FOLLOW) Dow Jones Newswires
September 28, 2015 11:46 ET (15:46 GMT)
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