Charnos PLC - Interim Results

RNS No 8277n
CHARNOS PLC
29 October 1999

                       CHARNOS PLC AND ITS SUBSIDIARIES
                 Unaudited Consolidated Profit and Loss Account
                     for the Half-Year Ended 26 June 1999  

                                                  #'000
                                   Half Year     Half Year     Half Year
                                     1999           1998         1998

Turnover                             30,072       33,720          90,009   

Loss on Ordinary Activities
before Taxation                      (4,291)      (3,731)           (59)

Taxation                              1,287        1,157            184

Loss on Ordinary Activities after
Taxation attributable to the         (3,004)      (2,574)           125   
Shareholders of Charnos plc         
                                    
Dividends paid or proposed:
   Preference                            12           12             25
   "A" Ordinary                           0            0             21
   "B" Ordinary                           0            0          5,538

Total Dividends                          12           12          5,584

Loss for period carried forward      (3,016)      (2,586)         5,459

Earnings per 'A' Ordinary Share of
 25p each                             (299p)

Earnings per Ordinary Share of
 25p each                                          (129p)           5p


NOTES

1.  Interim results are unaudited, but the 1998 full year's figures are from the
    audited published accounts.

2.  Earnings per ordinary share prior to 1999 are calculated on the group
    profit/(loss) on ordinary activities after taxation, less preference
    dividends and the 2,000,000 ordinary shares in issue throughout this period.
    Earnings per ordinary share in 1999 are calculated on the group loss on
    ordinary activities after taxation, less preference dividends and the
    1,008,300 "A" ordinary shares currently in issue and entitled to a dividend
    following a capital restructuring reported in the published accounts for the
    year ended 31 December 1998.

3.  The figures for the first six months always give a misleading indication of
    prospects for the full year.  There are many uncertain factors which
    preclude a firm prediction of the 1999 result.

4.  This statement is sent directly to the holders of listed securities.  Copies
    are available for members of the public at the Company's registered office.

END

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