We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Range Cooker | LSE:RCC | London | Ordinary Share | GB0002182896 | ORD 0.5P |
| 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 |
Hot Features
Premium
RNS Number:7551Q
Range Cooker Company PLC
31 January 2002
FOR RELEASE 7.00 AM 31 JANUARY 2002
THE RANGE COOKER COMPANY PLC
("Range Cooker")
One of the largest suppliers of quality domestic cookers in the UK
Interim results for the six months ended 31 October 2001
HIGHLIGHTS
2001 2000 Change
Turnover £7.16m £6.74m +6%
Profit before tax £1.92m £1.80m +7%
Earnings per share (fully diluted) 0.87p 0.85p +2%
Interim dividend 0.8p 0.275p +191%
* Results demonstrate a good period for the Company
* Enhanced product range
- Cast iron cookers following marketing agreement with Waterford Stanley
- New contemporary style range cooker known as Dynasty
* Dynasty cooker well received by the market
* November and December figures at high level
* Order Book strongest ever
* Year 2002 on course for further success
For further information contact:
Brian Coleman-Smith / Jacqui Graves 020 7786 9600
Binns & Co Public Relations
THE RANGE COOKER COMPANY PLC
Interim results for the six months ended 31 October 2001
CHAIRMAN'S STATEMENT
I am pleased to report that the unaudited profits before tax for the six months
ended 31 October 2001 rose to £1,916,775 an increase of 7% on the comparable
period last year (2000 £1,795,568). Turnover rose by 6% to £7,156,265 (2000
£6,735,812). Earnings per share is 0.87p (2000 0.85p).
Review of Activities
The last six months have been a good period for the Company as the above results
demonstrate. The November and December figures have continued at a high level
together with an order book at its strongest ever.
The marketing agreement with Waterford Stanley has enhanced our product range by
bringing cast iron cookers into our portfolio.
The autumn saw the successful launch of our new contemporary-styled range cooker
under the name of Dynasty. This has been very well received by the market.
The year ending 30 April 2002 appears to be on course for further success.
Dividend
It is our intention at this time to continue our progressive dividend policy.
Your Board has proposed the payment of an interim dividend of 0.8p per share
(2000 0.275p per share) £1,272,000 in total (2000 £437,250) to holders of
ordinary shares on the register on 15 March 2002. This will be payable on 8
April 2002.
Future prospects
Your Board believes that the enhanced product range and order book places the
Company in a position to look forward to another successful year.
John Armstrong
Chairman
31st January 2002
THE RANGE COOKER COMPANY PLC
SUMMARISED PROFIT AND LOSS ACCOUNT
For the six months ended 31 October 2001
Unaudited Unaudited Audited
6 months 6 months year
ended ended ended
31 October 31 October 30 April
2001 2000 2001
Notes £ £ £
Turnover - continuing operations 7,156,265 6,735,812 13,532,840
------------ ------------ -------------
Operating profit- continuing operations 1,831,344 1,697,215 3,352,891
Net interest receivable 85,431 98,353 216,983
------------ ------------ ------------
Profit on ordinary activities before taxation 1,916,775 1,795,568 3,569,874
Tax on profit on ordinary activities 2 (540,000) (451,021) (1,082,345)
------------ ------------ -------------
Profit on ordinary activities after taxation 1,376,775 1,344,547 2,487,529
Dividends - ordinary shares 3 (1,272,000) (437,250) (2,981,250)
------------ ------------ -------------
Retained profit/(loss) for the period 104,775 907,297 (493,721)
======= ======= =======
Basic and diluted earnings per share 4 0.87p 0.85p 1.56p
======= ======= =======
THE RANGE COOKER COMPANY PLC
SUMMARISED BALANCE SHEET
At 31 October 2001
Unaudited Unaudited Audited
31 October 31 October 30 April
2001 2000 2001
£ £ £
Fixed assets 1,082,987 1,110,792 1,107,011
------------ ------------ -----------
Current assets
Stock 1,452,124 946,838 1,079,073
Debtors 1,535,784 1,243,599 1,380,344
Cash at bank and in hand 4,199,558 4,276,360 5,125,270
------------- ------------ -----------
7,187,466 6,466,797 7,584,687
------------- ------------ ------------
Creditors - amounts falling due within one year (4,616,622) (2,654,158) (5,142,642)
------------- ------------ ------------
Net current assets 2,570,844 3,812,639 2,442,045
------------- ------------ ------------
Total assets less current liabilities 3,653,831 4,923,431 3,549,056
------------- ------------ ------------
Provisions for liabilities and charges (375,393) (348,750) (375,393)
------------- ------------ ------------
Net assets 3,278,438 4,574,681 3,173,663
======= ======= =======
Shareholders' funds 3,278,438 4,574,681 3,173,663
======= ======= =======
THE RANGE COOKER COMPANY PLC
SUMMARISED CASH FLOW STATEMENT
For the six months ended 31 October 2001
Unaudited Unaudited Audited
6 months 6 months year
ended ended ended
31 October 31 October 30 April
2001 2000 2001
Notes £ £ £
Net cash inflow from operating activities 5 1,784,850 2,240,966 4,276,791
------------ ------------ ------------
Returns on investment and servicing of finance 85,431 98,353 216,983
------------ ----------- ------------
Taxation (258,769) (286,691) (1,048,336)
------------ ----------- ------------
Capital expenditure (3,522) (8,270) (37,660)
------------ ------------ ------------
Equity dividends paid (2,544,000) (1,192,500) (1,629,750)
------------ ------------ ------------
Management of liquid resources 723,413 (264,398) (1,293,568)
------------ ------------ ------------
(Decrease)/increase in cash in the period 6 (212,596) 587,460 484,460
======= ======= =======
THE RANGE COOKER COMPANY PLC
NOTES TO THE INTERIM REPORT
1. Basis of preparation
The interim financial statements have been prepared in accordance with
applicable accounting standards and under the historical cost convention.
The unaudited results have been prepared in accordance with the accounting
policies set out in the Annual Report for the year ended 30 April 2001.
The financial information in this interim report does not constitute statutory
accounts within the meaning of section 240 of the Companies Act 1985. Statutory
accounts for the year ended 30 April 2001, upon which the auditors gave an
unqualified opinion, have been delivered to the Registrar of Companies.
2. Taxation
The tax charge for the six months has been based on an estimated effective tax
rate for the full year.
3. Dividend
Unaudited Unaudited Audited
6 months ended 6 months ended year ended
31 October 31 October 30 April
2001 2000 2001
£ £ £
Ordinary shares - interim dividend of 0.8p (2000: 0.275p)
per share payable 8 April 2002 1,272,000 437,250 437,250
Special dividend 0.7p per share - - 1,113,000
Ordinary shares - final dividend of 0.9p per share - - 1,431,000
------------ ---------- ----------
1,272,000 437,250 2,981,250
======= ====== ======
4. Earnings per share
Earnings per ordinary share is based on the profit on ordinary activities after
taxation divided by the number of ordinary shares in issue during the year.
The earnings and the number of shares used in the calculations are as follows:
31 October 31 October 30 April
2001 2000 2001
£ £ £
Attributable profit 1,376,775 1,344,547 2,487,529
Number of ordinary shares in issue during the period 159,000,000 159,000,000 159,000,000
Earnings per share 0.87p 0.85p 1.56p
======= ======= =======
5. Reconciliation of operating profit to net cash inflow from operating
activities
Unaudited Unaudited Audited
6 months 6 months year
ended ended ended
31 October 31 October 30 April
2001 2000 2001
£ £ £
Operating profit 1,831,344 1,697,215 3,352,891
Depreciation 25,665 43,508 53,660
Loss on sale of tangible fixed assets 1,881 - 23,019
Decrease/(increase) in stocks (373,051) 396,467 264,232
Increase in debtors (155,440) (31,556) (168,301)
Increase in creditors 454,451 135,332 751,290
------------ ----------- -----------
Net cash inflow from operating activities 1,784,850 2,240,966 4,276,791
======= ======= =======
6. Reconciliation of net cash inflow to movement in net funds
Unaudited Unaudited Audited
6 months 6 months year
Ended ended ended
31 October 31 October 30 April
2001 2000 2001
£ £ £
(Decrease)/increase in cash in the period (212,596) 587,460 484,460
Cash (outflow)/inflow from (increase)/decrease in liquid funds (723,413) 264,398 1,293,568
Movement in net funds in the year (936,009) 851,858 1,778,028
----------- ----------- -----------
Net funds at beginning of year 5,099,075 3,321,047 3,321,047
Net funds at 31 October 2001 4,163,066 4,172,905 5,099,075
======= ======= =======
7. Interim Report
Further copies of the interim report are available from the Range Cooker Company
plc, Range House, 281 Bristol Avenue, Blackpool, FY2 0JF.
Telephone number: 01253 471123
This information is provided by RNS
The company news service from the London Stock Exchange
1 Year Range Cooker Chart |
1 Month Range Cooker Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
