Interim Results- Six Months Ended 30th June 1999

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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