Globe Capital Limited Audited Annual Results for the year to 31 December 2015
31 May 2016 - 12:11PM
UK Regulatory
TIDMGCAP
31 May 2015
KYG394391158
Globe Capital Limited
("Globe Capital" or the "Company")
Audited Annual Results for the year ended 31 December 2015
Globe Capital Limited (ISDX: GCAP) is pleased to announce its audited annual
results for year ended 31 December 2015.
Chairman's Statement
I am pleased to report the final audited results for the year ended 31 December
2015 of Globe Capital Limited ("the Company").
Financial performance
The turnover for the year was nil (2014: nil) and the loss was GBP129,184 (2014:
GBP149,111). The loss per share was 0.17 pence (2014: 0.20 pence). In the past
year, the Directors have kept operational costs at a minimum.
Review of operations
2015 was a transitional year for the Company. The Company has now realigned its
investment focus towards the retail sector with a particular emphasis on
menswear. The recent investment in Sterling Craig Ltd is the first stage in the
Company's future plans.
The Company's shares are traded on the ISDX Growth Market.
Board changes
During the year under review, David Adamson Hirst left the Company. In January
2016, Wong Xinyan left the Company. I would like to thank them both all for
their past services to the Company.
Future prospects
After the year end, in January 2016, the Company raised GBP100,500 in new equity.
The Directors are presently reviewing a number of investment opportunities
while speaking to new investors. I hope to be able to give further news of
these developments in the near future.
David Barnett
Chairman
31 May 2016
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information:
Globe Capital Limited
Christopher Neo, Company Secretary
+44 (0)20 3286 6388
http://www.globecapitalltd.com/
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott - Corporate Finance
James Dewhurst - Institutional Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street, London EC4N 4SA
END
(END) Dow Jones Newswires
May 31, 2016 07:11 ET (11:11 GMT)