Charnos PLC - Final Results

RNS No 1670c
CHARNOS PLC
7th May 1998


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Please note that the Annual Report and Accounts of Charnos plc for the year
ended 31st December, 1997 were approved at the Board Meeting that took place
this afternoon.  In addition, a dividend on the (unlisted) ordinary share
capital was approved by the Board.  

Please find below a preliminary statement of the annual results of Charnos plc.


LETTER FROM: CHARNOS PLC




                              Charnos plc and its Subsidiaries

                    CONSOLIDATED PROFIT AND LOSS ACCOUNT
                     FOR THE YEAR ENDED 31 DECEMBER 1997

                                        YEAR ENDED            YEAR ENDED
                                        31 DECEMBER 1997      31 DECEMBER 1996
                                             #'000                  #'000

Turnover                                   93,796                     91,749

Profit on Ordinary Activities before
Taxation                                    2,656                      4,087

Taxation                                     (536)                    (1,059)

Profit on Ordinary Activities after
Taxation attributable to the Shareholders
of Charnos plc                              2,120                      3,028

Dividends paid on listed securities:
#0.49 per share (paid in equal 
instalments on 30 June 1997 and 31 
December 1997)                                 25                         25

Dividends payable on unlisted securities:     342                        542
#0.171125 per share                        

Total dividends                               367                        567

Retained profit for year                    1,753                      2,461

Earnings per Ordinary Share of 25p each     104.8p                     150.2p

END

FR ALLIREAITIAT