Interim Results

Premier Management Holdings PLC 30 October 2006 PREMIER MANAGEMENT HOLDINGS PLC Interim results for the six months ended 31 July 2006 Premier Management Holdings plc (the 'Company'), the AIM-listed football agency presents interim results for the six months ended 31 July 2006. Key points • Operating profit of £25,613 (2005: £103,000 loss) on turnover of £64,000 (2005: £8,000). • Positive outlook for trading for the rest of the year • Opportunities to increase the size and range of services of the Company still being pursued Barry Gold, Chairman, said today: 'We continue to look at opportunities to increase the size and range of services of the Company and we remain positive over the prospects for the remaining business and the chance of adding to it.' For further enquiries contact: Barry Gold (Chairman - Premier Management Holdings plc) - Tel: 07768 948928 Richard Evans (Nominated Adviser - Brewin Dolphin Securities Ltd) - Tel: 0845 270 8602 Chairman's Statement I am pleased to report an operating and pre-tax profit for the six month period to 31st July 2006 on an increased turnover, over the same period of last year. Operating profit was £25,613 (2005: £103,000 loss) on a turnover of £64,000 (2005: £8,000). We expect to do some business not only in the January transfer window, but also in our role as the Manager's Manager in the period up to the end of the calendar year. We continue to look at opportunities to increase the size and range of services of the Company and we remain positive over the prospects for the remaining business and the chance of adding to it. I am once again very grateful to our Finance Director, Gerry Desler, who continues to work long hours for the Company, many of which are unpaid, and to our advisors, who have been supportive and helpful once again. Barry Gold Chairman 30 October 2006 Unaudited Profit and Loss Account For the six months ended 31 July 2006 Six months to Six months to Year ended 31 July 31 July 31 January 2006 2005 2006 Unaudited Unaudited Audited £'000 £'000 £'000 Turnover 64 8 92 Cost of sales (23) (5) (27) Gross profit 41 3 65 Other administration expenses (15) (106) (92) Operating profit (loss) 26 (103) (27) Interest receivable and similar income - 1 1 Interest payable and similar charges (11) (1) Profit/(loss on ordinary activities before taxation 15 (103) (28) Taxation - - - Retained profit/(loss) for the period 15 (103) (28) (Loss)/earnings per share Pence Pence Pence Basic (loss)/earnings per ordinary share 0.03 (0.16) (0.04) All amounts are derived from continuing operations and the total recognised gains or losses for the period is the same as the retained profit/(loss) for the period Unaudited Consolidated Balance Sheet As at 31 July 2006 As at As at As at 31 July 31 July 31 January 2006 2005 2006 Unaudited Unaudited Audited £'000 £'000 £'000 Fixed assets Tangible assets - 1 - - 1 - Current assets Debtors 285 182 249 Cash at bank 14 132 15 299 314 264 Creditors: amounts falling due within one year (552) (780) (423) Net current (liabilities)/assets (253) (466) (159) Total assets less current liabilities (253) (465) (159) Creditors: amounts falling due after more than one year (1,622) (1,797) (1,732) Total assets less liabilities (1,875) (2,262) (1,891) Capital and reserves Share capital 657 657 657 Share premium 2,855 2,855 2,855 Retained losses (5,426) (5,813) (5,442) Own shares held (4) (4) (4) Capital redemption reserve 43 43 43 Equity shareholders' deficit (1,875) (2,262) (1,891) Unaudited Consolidated Cash Flow statement For the six months ended 31 July 2006 Six months to Six months to Year ended 31 July 31 July 31 January 2006 2005 2006 Unaudited Unaudited Audited £'000 £'000 £'000 Net cash movement on operating activities (1) (9) (18) Return on investments Interest received - 1 - Interest paid - (1) (1) - - (1) Capital expenditure Receipts on disposal of tangibles - - - Payments to acquire tangible assets - - - - - - Acquisitions and disposals Payment to acquire subsidiary undertaking - - - Net cash movement before management of liquid resources and financing (1) (9) (19) Financing Issue of ordinary shares - - - Capital element of hire purchase contracts - - - Payment for other loans - - (106) Decrease in cash in the period (1) (9) (125) Notes The results for the six months ended 31 July 2006 are unaudited and have not been reviewed by the auditors. They have been prepared on accounting bases and policies that are consistent with those used in the preparation of the audited financial statements of the company for the year ended 31 January 2006. The financial statements contained in this report do not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The results for the year ended 31 January 2006 were reported on by the Auditors and received an unqualified audit report. Full accounts for the year ended 31 January 2006 have been delivered to the Registrar of Companies. The interim statement will not be posted to shareholders. Copies of the interim statement can be obtained from the company by writing to the Company Secretary at 140B, High Street, Ongar, Essex, CM5 9JH. ENDS This information is provided by RNS The company news service from the London Stock Exchange
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