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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oleeo Plc | LSE:OLEE | London | Ordinary Share | GB0002677085 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 160.00 | 140.00 | 180.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOLEE
RNS Number : 4719X
Oleeo PLC
30 April 2019
OLEEO PLC
Interim statement for the six months to 31 January 2019
Chairman's statement
Dear Shareholder I am pleased to announce the interim results of Oleeo Plc ("Oleeo") for the half year to 31 January 2019. Financial Review Half year revenues were marginally higher at GBP5.14m compared to GBP5.06m in the first half of 2017-18 whilst administrative expenses - principally employment costs - were GBP270k higher at GBP4.95m. As a consequence, operating profits for the six months decreased from GBP389k to GBP194k. Outlook Whilst we expect to see some improvement in sales in the second half year these will be accompanied by an increase in costs as we continue to invest in product enhancement and put client success at the heart of Oleeo's business. A competitive market place, known reductions in client subscriptions, and economic uncertainty provide continued pressure on sales and profits and a highly challenging and uncertain outlook for the foreseeable future. I would like to thank the Oleeo team for their dedication to our clients and their ongoing support. Charles Hipps Chairman, Oleeo Plc ---------------------------------------------------------------------------
OLEEO PLC
consolidated income statement
For the 6 Months Ended 31 January 2019
Unaudited Unaudited Audited 6 months ended 6 months ended Year to 31 Jan 2019 31 Jan 2018 31 Jul 2018 GBP GBP GBP Revenue 5,139,096 5,063,331 9,981,563 Total administrative expenses (4,945,337) (4,674,072) (9,508,835) _________ _________ _________ Operating Profit 193,759 389,259 472,728 Finance income 40,854 5,363 17,776 _________ _________ _________ Profit on ordinary activities before taxation 234,613 394,622 490,504 Income tax (47,500) (80,000) (98,233) _________ _________ _________ Profit for the Period 187,113 314,622 392,271 _________ _________ _________ Earnings per share Basic 2.45p 4.15p 5.16p _________ _________ _________ Diluted 2.43p 4.10p 5.10p _________ _________ _________
OLEEO PLC
Consolidated Statement of Financial Position
As at 31 January 2019
Unaudited Unaudited Audited 31 January 31 January 31 July 2018 2019 2018 GBP GBP GBP Assets Non-current assets Property, plant and equipment 192,156 173,279 200,619 Current assets Trade and other receivables 2,627,859 2,294,334 1,712,532 Short term Investments 2,750,000 - 7,750,000 Cash and cash equivalents 8,121,655 10,951,314 3,503,758 Total current assets 13,499,514 13,245,648 12,966,290 Total assets 13,691,670 13,418,927 13,166,909 Equity Issued capital 7,628 7,610 7,620 Share premium 1,713,256 1,679,930 1,690,158 Capital redemption reserve 725 708 708 Translation reserve 6,643 (3,369) 6,409 Retained earnings 8,316,213 8,330,603 8,414,702 Total equity 10,044,465 10,015,482 10,119,597 Non-current liabilities Deferred tax 30,148 21,822 30,148 Current liabilities Trade and other payables 3,587,128 3,295,919 2,977,024 Income tax __29,929 __85,704 __40,140 Total current liabilities 3,617,057 3,381,623 3,017,164 Total liabilities 3,647,205 3,403,445 3,047,312 Total equity and liabilities 13,691,670 13,418,927 13,166,909
OLEEO PLC
Consolidated statement of cash flows
For the 6 Months Ended 31 January 2019
Unaudited Unaudited Audited 6 months ended 6 months ended Year to 31 Jan 2019 31 Jan 2018 31 July 2018 GBP GBP GBP Cash flows from operating activities Operating profit 193,759 389,259 472,728 Depreciation 61,269 54,686 112,570 Exchange difference on translation of foreign operations 234 (2,181) 7,598 Loss on disposal of fixed assets - - 10,637 Share based payments 7,500 7,500 13,951 (Increase)/decrease in receivables (915,327) (840,226) (258,425) Increase/(decrease) in payables 610,104 112,352 (206,543) _________ _________ _________ (42,461) (278,610) 152,516 Taxation (57,711) (115,030) (170,501) _________ _________ _________ Net cash (outflow)/inflow from operating activities (100,172) (393,640) (17,985) _________ _________ _________ Cash flows from investing activities Interest received 40,854 5,363 17,776 Purchase of property, plant and equipment (52,806) (57,116) (152,978) Short term investments 5,000,000 - (7,750,000) _________ _________ _________ Net cash inflow/(outflow) from investing activities 4,988,048 (51,753) (7,885,202) _________ _________ _________ Cash flows from financing activities Proceeds from issue of shares 23,123 30,930 41,168 Purchase of own shares (26,400) - - Equity dividends paid (266,702) (265,510) (265,510) _________ _________ _________ Net cash outflow from financing activities (269,979) (234,580) (224,342) _________ _________ _________ Increase/(decrease) in cash in the year 4,617,897 (679,973) (8,127,529) Cash and cash equivalents at beginning of year 3,503,758 11,631,287 11,631,287 _________ _________ _________ Cash and cash equivalents at end of year 8,121,655 10,951,314 3,503,758 _________ _________ _________
OLEEO PLC
Notes to the interim financial statements
1 a) The basic earnings per share has been calculated by dividing the profit by the weighted average number of shares in issue during the relevant periods. b) The diluted earnings per share takes into account the potential issue of further shares as a result of the exercise of share options. 2 This interim report was approved by the board of directors on 29 April 2019. The financial information contained in this interim report does not comprise statutory accounts as defined by the Companies Act 2006. The interim financial information has been prepared using accounting polices consistent with those adopted by Oleeo Plc in its financial statements for the year ended 31 July 2018. The financial information for the year ended 31 July 2018 is an extract from the latest company accounts. These accounts received an unqualified auditor's report and have been filed with the Registrar of Companies. The financial information for the periods ended 31 January 2018 and 2019 is unaudited and has not been reviewed by the company's auditors. Enquiries: Oleeo Plc Charles Hipps, Chief Executive Officer,
Telephone: +44 (0)20 8946 9876 Email: chipps@wcn.co.uk. Panmure Gordon (UK) Limited Nominated advisor Alina Vaskina Telephone: +44 (0)20 7886 2956
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
April 30, 2019 02:00 ET (06:00 GMT)
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