SUPERFRAME GROUP PLC
29 October 1999
INTERIM STATEMENT - SIX MONTHS ENDED 30TH JUNE 1999
The unaudited results of the Group in respect of the six months ended 30th
June 1999, together with unaudited comparative figures, are as follows:
Six months ended
30th June
Notes 1999 1998
TURNOVER £1,636,171 £1,883,089
(LOSS)/PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION £(72,206) £60,323
TAX ON (LOSS)/PROFIT ON ORDINARY ACTIVITIES £19,300 £(17,700)
(LOSS)/PROFIT ATTRIBUTABLE TO SHAREHOLDERS £(52,906) £42,623
(LOSS)/EARNINGS PER SHARE 1 (0.67)P 0.54p
DIVIDEND PER SHARE 2 0.5p 0.5p
AMOUNT ABSORBED BY DIVIDEND £39,728 £39,728
Notes:
1. (Loss)/Earnings per share
The loss per share for the six months to 30th June 1999 has been based on the
loss attributable to ordinary shareholders of £52,906, divided by 7,945,638
shares, being the entire issued share capital of Superframe Group Plc
throughout the period.
The earnings per share for the six months to 30th June 1998 has been based on
profits of £42,623 divided by 7,945,638 shares.
There is no difference between the basic and the fully diluted earnings per
share.
2. 1999 Interim Dividend
An interim dividend of 0.5p per ordinary share has been declared and will be
paid on 3rd December 1999 to shareholders on the register of members on 12th
November 1999.
3. Year 2000 Compliance
The Directors have undertaken a review to assess the impact and extent of Year
2000 issues on the business of the Group. An action plan has been implemented
to ensure that the Group's systems will be Year 2000 compliant and has now
been completed. The costs involved were not significant for the Group and
have been expensed as incurred.
4. Publication
Copies of this statement are being circulated to all shareholders and are also
available from the Company's registered office at The Old Electricity Works,
Campfield Road, St. Albans, Herts. AL1 5HJ.
MANAGING DIRECTOR'S STATEMENT
As predicted in our last report to shareholders, turnover is below that of the
first half of last year, leading to a small loss when last year during the
same period we made a small profit.
Very recent contracts, for immediate delivery, now cause us to have a busy
second half and that is likely to continue through the first quarter of next
year.
Cash remains strong. We consider it only prudent to maintain last year's
level of interim dividend.
Timing of sales will not enable us to have a year end profit which is as high
as last year.
Retailing is passing through an uncertain time. We are holding our own as the
sector consolidates.
Andy Gilbert
Managing Director
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