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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stallion Resour | LSE:SPSM | London | Ordinary Share | GB00B6SRX164 | ORD 0.03P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.075 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSPSM
RNS Number : 8242S
Stallion Resources PLC
29 September 2014
29 September 2014
(Stallion Resources plc)
(the "Company")
Interim Unaudited Results for the period ended 30 June 2014
Stallion Resources plc is pleased to announce its unaudited results for the six months ended 30 June 2014.
Results for the period
In the period, the Company disposed of its subsidiaries and business and as a result is now classified as an investing company under AIM Rule 15. At the same time, the previous directors resigned and Cameron Pearce and I were appointed to the Board, the Company changed its name to Stallion Resources plc and the Company raised GBP300,000 before costs. The Company made a profit before income tax of GBP123,077, largely due to a write back of liabilities on the restructuring.
Review of activities
During the period in question, the Company's Board and management have reviewed a number of project and investment opportunities in a number of different sectors. The Company will keep shareholders informed of any material developments in that regard.
On behalf of the Board on 29 September 2014.
David Ajemian
Non-Executive Chairman
For further information, please contact:
+44 20 3006 Stallion Resources plc 0260 George Frangeskides (Company Secretary) Sanlam Securities UK Limited (Nominated +44 20 7628 adviser and joint broker) 2200 Lindsay Mair/Andrew Wagstaff Peterhouse Corporate Finance Limited +44 20 7469 (Joint broker) 0930 Duncan Vasey Eran Zucker
STALLION RESOURCES PLC
CONSOLIDATED INCOME STATEMENT
Period from 1 January 2014 to 30 June 2014
Period Period Notes to 30.06.14 to 30.06.13 EUR EUR REVENUE - 2,112 Cost of sales - (21,703) _________ _________ GROSS LOSS - (19,591) Administrative expenses (78,505) (212,365) Write-off of balances on disposal of investments 209,860 - _________ _________ OPERATING PROFIT/(LOSS) 131,355 (231,956) Finance revenue - 8,042 Finance costs (8,278) (4,577) _________ _________ PROFIT/(LOSS) BEFORE INCOME TAX 123,077 (228,491) Income tax expense - - _________ _________ PROFIT/(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS 123,077 (228,491) _________ _________ PROFIT/(LOSS) ATTRIBUTABLE TO OWNERS OF THE PARENT 123,077 (228,491) _________ _________ Profit/(Loss) per share from continuing operations attributable to the equity holders of the company during the period 0.00p 0.00p _________ _________
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Period from January 2014 to 30 June 2014
Comprehensive income Profit/(Loss) for the period 123,077 (228,491) _______ _______ Other comprehensive income Currency translation differences 762 106,830 _______ _______ Total comprehensive profit/(loss) for the period attributable to owners of the parent 123,839 (121,661) ________ ________
CONSOLIDATED BALANCE SHEET
As at 30 June 2014
At 30.06.14 At 30.06.13 EUR EUR ASSETS Non-current assets Intangible fixed assets - 1,007,965 Tangible fixed assets - 121,251 _______ _______ - 1,129,216 Current assets Trade and other receivables 11,865 364,144 Cash and cash equivalents 365,040 573,289 _______ _______ 376,905 937,433 ________ ________ TOTAL ASSETS 376,905 2,066,649 ________ ________ EQUITY AND LIABILITIES Equity attributable to owners of the parent Ordinary shares 335,564 151,287 Share premium account 2,505,416 2,281,034 Accumulated losses (2,554,399) (577,257) ________ ________ Total equity 286,581 1,855,064 _______ _______ Liabilities Current liabilities Trade and other payables 67,018 136,794 Taxes 567 5,020 Other creditors - 52,667 Accruals and deferrals 22,739 17,104 ________ ________ Total liabilities 90,324 211,585 ________ ________ TOTAL EQUITY AND LIABILITIES 376,905 2,066,649 ________ ________
CONSOLIDATED STATEMENT OF CASH FLOWS
For the period from 1 January 2014 to 30 June 2014
Period Period to 30.06.14 to 30.06.13 EUR EUR Cash flow from operating activities Cash used by operations (92,546) (1,178,683) Cash flows from investing activities Purchases of property, plant and equipment - (35,390) Purchase of intangibles - (423,970) ________ ________ Net cash used in investing activities - (459,360) ________ ________ Cash flows from financing activities Net proceeds from issue of ordinary shares 355,549 812,168 Interest received - 8,042 Interest paid (8,278) (4,577) ________ ________ Net cash generated from financing activities 347,271 815,633 ________ ________ Net increase in cash & cash equivalents Exchange losses on cash 254,725 (822,410) and cash equivalents - (506) Cash & cash equivalents brought forward 110,315 1,396,205 ________ ________ Cash & cash equivalents at end of the period 365,040 573,289 ________ ________
STALLION RESOURCES PLC
Notes to the Interim Results Announcement
Loss per share
Basic loss per share is calculated by dividing the profit or loss attributable to equity holders of the Company by the weighted average number of Ordinary Shares in issue during the period.
Group EUR EUR Profit/(Loss) attributable to equity holders of the Company 123,839 (121,661) ________ ________ Weighted average number of Ordinary Shares in issue 575,757,786 431,313,342 ________ ________ Statement of changes in equity Accumul-ated losses EUR At 1 January 2014 (2,678,238) Profit for the period from continuing operations 123,077 Other comprehensive income - Translation of period end balances 762 ________ At 30 June 2014 (2,554,399) ________
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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