Interim Results

CCH International plc
31 January 2006

CCH INTERNATIONAL PLC


UNAUDITED SECOND INTERIM RESULTS


FOR THE SIX MONTHS ENDED 31 OCTOBER 2005




I have pleasure in reporting that the Company posted a profit before tax of
£367,912 for the twelve months to 31 October 2005, an increase of over nine
times compared with the year ended 31 October 2004.  Basic earnings per share
improved over five fold to 0.47p.



Net Assets have increased more than three times to £1,863,731 during the 12
month period to 31 October 2005.



By far the most significant event over the last six months has been the
successful integration of the short term receivables discounting business of CCH
Europe GmbH, our Dusseldorf based wholly owned subsidiary.



On 17 September 2005 the Company formed a new subsidiary, CCH Holdings SPC in
the Kingdom of Bahrain and we believe this will help further develop our
strategic positioning in the Middle East.



The Company changed its accounting reference date from 31 October to 31 December
in order to synchronise the accounting reference dates of the Group.
Accordingly, we will publish audited accounts for the 14 month period to 31
December 2005.



We are confident that our strategy for growth is on track and will deliver
shareholder value.









Ian Salter

Chairman

30 January 2006










CCH INTERNATIONAL PLC
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE TWELVE MONTHS TO 31 OCTOBER 2005

                                                           Six months         Twelve months         Twelve months
                                                      to 31 October           to 31 October         to 31 October
                                                                 2005                  2005                  2004
                                                          (Unaudited)           (Unaudited)             (Audited)
                                                            £                     £                     £

Turnover                                                    2,970,118             3,319,647               992,193

Cost of sales                                             (1,659,226)           (1,753,280)             (540,698)

Gross profit                                                1,310,892             1,566,367               451,495

Administrative expenses                                     (986,469)           (1,195,653)             (412,698)

Operating profit                                              324,423               370,714                38,797

Interest receivable and similar income                          4,690                 4,732                   145

Interest payable and similar charges                          (7,534)               (7,534)               (1,826)

Profit on ordinary activities before taxation                 321,579               367,912                37,116

Tax on profit on ordinary activities                         (74,693)              (74,693)                     -

Profit on ordinary activities after taxation                  246,886               293,219                37,116

Earnings per share
Basic earnings per share                                        0.31p                 0.47p                 0.08p


Turnover is derived wholly from continuing
activities





CCH INTERNATIONAL PLC
CONSOLIDATED BALANCE SHEET
AT 31 OCTOBER 2005

                                                                                       31 October         31 October
                                                                                             2005               2004
                                                                                      (Unaudited)          (Audited)
                                                                                           £                      £

FIXED ASSETS

Tangible assets                                                                           137,886            228,913
Intangible assets                                                                         554,396                  -
Investments                                                                                49,333                  -

                                                                                          741,615            228,913

CURRENT ASSETS

Debtors                                                                                72,684,117            310,346
Cash at bank                                                                            2,914,533            119,320

                                                                                       75,598,650            429,666

CREDITORS: Amounts falling due within one year                                       (74,476,534)           (85,134)

NET CURRENT ASSETS                                                                      1,122,116            344,532

TOTAL ASSETS LESS CURRENT LIABILITIES                                                   1,863,731            573,445


CAPITAL AND RESERVES

Called-up equity share capital                                                          1,396,825          1,044,444
Share premium account                                                                     955,710            417,615
Other reserves                                                                             85,224                  -
Profit and loss account                                                                 (574,028)          (888,614)
SHAREHOLDERS' FUNDS                                                                     1,863,731            573,445






CCH INTERNATIONAL PLC
CONSOLIDATED CASH FLOW STATEMENT
FOR THE TWELVE MONTHS ENDED 31 OCTOBER 2005

                                                                               Twelve months        Twelve months
                                                                               to 31 October        to 31 October
                                                                                        2005                 2004
                                                                                 (Unaudited)            (Audited)
                                                                                   £                    £


NET CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES                             (23,739,047)               90,259

RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Interest received                                                     4,732                                   145
Interest paid                                                       (7,534)                               (1,826)

NET CASH OUTFLOW FROM RETURNS ON INVESTMENTS AND                                     (2,802)              (1,681)
SERVICING OF FINANCE

TAXATION                                                                             (1,850)                    -

CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT
Net inflow from  tangible fixed assets                                3,707                                     -
Purchase of listed investment                                      (49,333)                                     -

NET CASH OUTFLOW FROM CAPITAL EXPENDITURE AND FINANCIAL                             (45,626)                    -
INVESTMENT

ACQUISITIONS AND DISPOSALS
Costs on acquisition of subsidiary                                 (68,960)                                     -
Net cash on acquisition                                           2,096,760                                     -

NET CASH INFLOW FROM ACQUISITIONS AND DISPOSALS                                    2,027,800                    -

CASH (OUTFLOW)/INFLOW BEFORE MANAGEMENT OF LIQUID                               (21,761,525)               88,578
RESOURCES AND FINANCING

FINANCING
Increase in debt                                                                  24,556,738                    -

INCREASE IN CASH                                                                   2,795,213               88,578




CCH INTERNATIONAL PLC
CONSOLIDATED CASH FLOW STATEMENT (cont.)
FOR THE TWELVE MONTHS ENDED 31 OCTOBER 2005

Reconciliation of net cashflow to movement in net debt
                                                                                  £                   £

Increase in cash                                                                  2,795,213
Cash inflow from increase in debt                                              (24,556,738)

Change in net debt resulting from cash flows                                                       (21,761,525)
Loans acquired with subsidiary                                                                     (30,132,820)

Movement in net debt in the period                                                                 (51,894,345)
Net cash at 1.11.04                                                                                     119,320

Net debt at 31.10.05                                                                               (51,775,025)





Notes:
       

1.     The financial statements have been prepared in accordance with applicable UK accounting
       standards and under the historical cost convention. The principal accounting policies of the
       Company are set out in the Company's 2004 annual report.
       

2.     The financial information set out above does not constitute statutory accounts as defined in
       section 240 of the Companies Act 1985. Statutory accounts for the twelve months to 31 October
       2004, on which the report of the auditors was unqualified, have been filed with the Registrar of
       Companies.
       

3.     On 10 May 2005 the Company completed the acquisition of CCH Europe GmbH for a
       consideration of £1,190,476 which was satisfied by the issue of 39,682,539 new ordinary 1p
       shares at 3p per share.  On 17 September 2005 the Company formed a new subsidiary, CCH Holdings
       SPC.
       

4.     Basic earnings per share have been calculated on the basis of the number of shares in issue held
       outside of the group of 79,682,539 (2004 - 44,444,444) during the six months to 31 October 2005
       and a weighted average of 62,063,491 shares during the twelve months to that date and profit after
       tax during these periods of £246,886 and £293,219 respectively.
       

5.     The directors are not declaring a dividend for the period.


6.     Copies of this report are being sent to all shareholders and can be viewed on the Company's
       web-site 'www.cch-international.com'




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