Interim Results

Braime (T.F.& J.H.) (Hldgs) PLC
31 August 2007



            Interim results for the six months ended 30th June 2007

We are pleased to report, that after two years of losses, the company made a
profit before tax for the first half of 2007 of £67,000 compared to a loss of
£218,000 for the same period in 2006 on a turnover up 13% to £5.9m. While this
level of profit remains far from satisfactory, it is indicative of significant
progress being made in restoring long term profitability to the business.


The need to recommence regular dividend payments to shareholders as soon as
possible remains a major priority of the board. Nevertheless, the directors have
decided that, after an extended period of losses which has reduced the group's
reserves, it would not be prudent to pay a dividend until the return to
profitability has been more firmly established.


Performance of group companies

All the subsidiary companies which distribute our 4B brand of components for the
material handling industry have had an excellent first six months and have all
traded well above forecast. Although we are concerned by both the continuing
weakness of the US dollar and the economic downturn in the USA, we remain
confident that we can maintain the increase in overseas sales as a result of our
ongoing investment in new products.


In contrast, the manufacturing business has continued to sustain heavy losses.
However, we are making substantive progress in restructuring this business. The
first major automated production cell has now been successfully commissioned and
output from this cell will now ramp up to reach full production in March of next
year. Additionally, we have recently secured, from new and existing customers,
five further packages of long term business. The combined impact of this
additional business is forecast to increase sales by over 50% in 2008 compared
to 2007 and will very significantly improve the trading position of Braime
Pressings Limited. This will give us a further year to complete and consolidate
this turnaround before embarking on the move to more cost effective premises,
currently targeted for 2010.


Move to AIM

The move to the AIM market was successfully completed on 27th June 2007. On
joining AIM, we set up a new web site for T.F. & J.H. Braime (Holdings) P.L.C.
www.braimegroup.com to provide shareholders with detailed information about
their company, including the latest financial statements and, in future, all
company announcements will be posted to this site.


Also included on the holding company site are links to our new site for the
manufacturing business, www.braimepressings.com and the existing site for the 4B
range of material handling components, www.go4b.com. We hope that shareholders,
who visit these sites, will find them both interesting and informative.


Relocation

As announced shortly before the AGM, we have reached agreement with the planning
officers of Leeds City Council, supported by English Heritage, on a detailed
planning brief for the development of our Hunslet Road site. We have appointed
Knight Frank and Swift Property Services as joint selling agents. ENCIA, a firm
of specialist consultants, are currently carrying out a detailed environmental
study prior to the site being marketed to potential developments in early
October 2007. We would hope to be receiving offers in January 2008, although any
offers are likely to be conditional on formal planning approval, a process which
may take a further twelve months.


Given the uncertainties attached to both the realisable value and timing of any
sale, the board does not plan to enter into any firm commitments regarding
relocation until the position on the sale is clarified.


Outlook

Providing all parts of the group continue to trade at their current levels, we
expect a positive result for the full year.



Condensed Consolidated Income Statement for the six months ended 30th June 2007

                                                 2007                     2006
                                                    £                        £
                                          (unaudited)              (unaudited)

Revenue                                     5,887,371                5,210,460
                                           ------------             ------------

Profit/(loss) from operations                  78,025                 (224,932)
Finance costs                                (162,913)                (140,514)
Finance income                                151,996                  147,204
                                           ------------             ------------
Result for the period before tax               67,108                 (218,242)
Tax expense @ 30%                             (20,132)                       -
                                           ------------             ------------
Net result for the period                      46,976                 (218,242)
                                           ------------             ------------

Basic profit/(loss) per share                    3.26p                  (15.16p)
                                           ------------             ------------


 Condensed Consolidated Statement of Recognised Income and Expense for the six
                          months ended 30th June 2007

                                                            2007           2006
                                                               £              £
                                                     (unaudited)    (unaudited)

Exchange difference on translation of foreign
operations                                               (9,684)        (8,152)
                                                        ---------    -----------

Net income recognised in equity                          (9,684)        (8,152)
Profit/(loss) for period                                 46,976       (218,242)
                                                        ---------    -----------
Total recognised income and expense for the period       37,292       (226,394)
                                                        ---------    -----------

Attributable to:
Equity holders of T.F. & J.H. Braime (Holdings) P.L.C.   37,292       (226,394)
                                                        ---------    -----------



                  Consolidated Balance Sheet at 30th June 2007

                                 30th June 2007  30th June 2006  31st December
                                                                          2006
                                              £               £              £
                                    (unaudited)     (unaudited)
Assets
Non-current assets
Property, plant and
equipment                               689,748         703,696        733,481
                                      ---------       ---------      ---------
Total non-current assets                689,748         703,696        733,481
                                      ---------       ---------      ---------

Current assets
Inventories                           2,521,209       2,220,453      2,197,922
Trade and other payables              3,001,803       2,280,117      2,611,737
Cash and cash equivalents             1,429,619       1,441,823      1,629,317
                                      ---------       ---------      ---------
Total current assets                  6,952,631       5,942,393      6,438,976
                                      ---------       ---------      ---------

Total assets                          7,642,379       6,646,089      7,172,457
                                      ---------       ---------      ---------

Liabilities
Current liabilities
Bank overdraft                        1,294,875       1,603,102      1,346,114
Trade and other payables              2,346,046       1,094,099      1,846,792
Other financial liabilities             182,166         178,008        182,292
Corporation tax liability                20,132               -         33,063
                                      ---------       ---------      ---------
Total current liabilities             3,843,219       2,875,209      3,408,261
                                      ---------       ---------      ---------

Non-current liabilities
Financial liabilities                   327,539         326,199        348,867
Employee benefits                        31,000         118,000         12,000
                                      ---------       ---------      ---------
Total non-current
liabilities                             358,539         444,199        360,867
                                      ---------       ---------      ---------

Total liabilities                     4,201,758       3,319,408      3,769,128
                                      ---------       ---------      ---------

Total net assets                      3,440,621       3,326,681      3,403,329
                                      ---------       ---------      ---------

Capital and reserves attributable
to equity holders of the parent
company
Share capital                           360,000         360,000        360,000
Capital reserve                          77,319          77,319         77,319
Foreign exchange reserve                (36,233)            669        (26,549)
Retained earnings                     3,039,535       2,888,693      2,992,559
                                      ---------       ---------      ---------
Total equity                          3,440,621       3,326,681      3,403,329
                                      ---------       ---------      ---------



    Consolidated Cash Flow Statement for the six months ended 30thJune 2007

                         2007           2007               2006           2006
                            £              £                  £              £
                  (unaudited)    (unaudited)        (unaudited)    (unaudited)
Operating
activities
Net profit/
(loss) from      
ordinary
activities                            46,976                          (218,242)
Adjustments for:
Depreciation           88,493                            66,305
Grants amortised         (828)                             (828)
Foreign exchange
losses                 (9,810)                           (7,314)
Investment           (151,996)                         (147,204)
income
Interest expense      162,913                           140,514
Income tax expense     20,132                                 -
                   ----------                        ----------
Operating profit
before changes
in working capital              
and provisions                       108,904                            51,473
Increase in
trade and            
other
receivables          (390,066)                         (447,138)
(Increase)/
decrease in      
inventories          (323,287)                          121,910
Increase in
trade and           
other payables        499,254                           232,154
Decrease in
provisions       
and employee      
benefits               34,000                            41,000
                  -----------                       -----------
                                    (180,099)                          (52,074)
                                   -----------                        ----------

Cash generated
from operations                      (24,219)                         (218,843)

Income taxes paid                    (33,063)                          (33,033)

Investing 
activities
Purchases of
plant, machinery 
and motor vehicles    (53,682)                          (41,294)
Sale of plant,
machinery and
motor vehicles          8,922                             9,160
Interest     
received               27,996                            23,204 
                  -----------                       -----------
                                     (16,764)                           (8,930)
Financing
activities
Repayment of
hire purchase         (20,500)                          (20,499)
creditors
Interest paid         (53,913)                          (37,514)
                     ----------                        ----------
                                     (74,413)                          (58,013)
                                    ----------                        ----------

Decrease in cash
and cash 
equivalents                         (148,459)                         (318,819)
Cash and cash
equivalents
(including
overdrafts),               
beginning                  
of period                            283,203                           157,540
                                    ----------                        ----------

Cash and cash
equivalents
(including
overdrafts), end                  
of period                            134,744                          (161,279)
                                    ----------                       -----------


31st August 2007


For further information please contact:


T.F. & J.H. Braime (Holdings) P.L.C.
David Brown - Financial Director
0113 245 7491


W. H. Ireland Limited
Richard Lindley
0113 394 6628



END




                      This information is provided by RNS
            The company news service from the London Stock Exchange