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Univent PLC (UVT)

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Wednesday 30 June, 2004

Univent PLC

Interim Results

Univent PLC
30 June 2004


UNIVENT PLC

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2004

CHAIRMAN'S INTERIM STATEMENT

I am pleased to report a very satisfactory improvement in the six months ended
31 March 2004.  The results reflect a larger contribution to profits from the
Company's Domiciliary Care Agency business and maintained operating margins at
our Homes in London and Somerset.  The Company's financial position continues to
strengthen.

Since the end of the period under review the sale of Park View, the least
profitable of our Homes, has been completed, leading to a further reduction in
borrowings.  Plans are now at an advanced stage for significant capital
investment in a scheme incorporating a new Home, sheltered housing and related
activities close to our existing business in Somerset.

Tim Yeo
30 June 2004



UNIVENT PLC

CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE SIX MONTHS ENDED 31 MARCH 2004

                                        Unaudited 6                 Unaudited 6          Audited year 
                                       months ended                months ended                 ended 
                                           31/03/04                    31/03/03              30/09/03

TURNOVER                                  2,092,402                   1,892,004             3,993,770

Cost of Sales                             1,539,161                   1,436,610             2,812,216
                                          ---------                   ---------             ---------

GROSS PROFIT                                553,241                     455,394             1,181,554
Administrative Expenses
Normal                                      311,688                     279,509               787,051
Exceptional Impairment                    ---------                   ---------             ---------
Provision                                   241,553                     175,885               227,150
Other Operating Income                            0                         328                   928
                                          ---------                   ---------             ---------
                                            241,553                     176,213               228,078
Interest receivable                           1,644                         361                 1,242
Interest payable and similar
charges                                       8,311                      14,625                32,990
PROFIT ON ORDINARY ACTIVITIES             ---------                   ---------             ---------
BEFORE TAXATION                             234,886                     161,949               196,330
Tax on profit on ordinary
activities                                  -35,000                     -35,000               -99,144

PROFIT ON ORDINARY ACTIVITIES             ---------                   ---------             ---------
AFTER TAXATION                              199,886                     126,949                97,186
                                          ---------                   ---------
DIVIDENDS                                                                                     -45,625
Retained profit brought
forward                                   1,324,422                   1,272,324             1,272,861
                                          ---------                   ---------             ---------
RETAINED PROFIT CARRIED                   
FORWARD                                   1,524,308                   1,399,273             1,324,422
                                         ---------                   ---------             ---------
Earnings per share                            2.19p                       1.39p                 1.06p
                                          ---------                   ---------             ---------

Adjusted Earnings per share                                                                     2.90p



UNIVENT PLC

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2004


                                                Unaudited 6             Unaudited 6         Audited year 
                                               months ended            months ended                ended 
                                                   31/03/04                31/03/03             30/09/03

FIXED ASSETS
Intangible Assets                                    65,625                  71,665               65,625
Tangible Assets                                   3,562,954               3,438,569            3,569,511
                                                  ---------               ---------            ---------
                                                  3,628,579               3,510,234            3,635,136
CURRENT ASSETS
Stock                                                 7,282                   8,412                7,280
Debtors                                             344,349                 267,401              289,125
Cash at bank and in hand                            129,014                 -64,717              199,295
                                                  ---------               ---------            ---------
                                                    480,645                 211,096              495,700
CREDITORS: amounts falling due
within one year                                     515,309                 495,473              740,896
NET CURRENT LIABILITIES                             -34,664                -284,377             -245,196
                                                  ---------               ---------            ---------
TOTAL ASSETS LESS CURRENT
LIABILITIES                                       3,593,915               3,225,857            3,389,940
CREDITORS: amounts falling due
after more than one year                             10,303                  92,911               41,217
PROVISION FOR LIABILITIES AND
CHARGES                                              19,916                  14,200               19,916
                                                  ---------               ---------            ---------
                                                  3,563,696               3,118,746            3,328,807
                                                  ---------               ---------            ---------
CAPITAL AND RESERVES
Called up share capital                             912,500                 912,500              912,500
Share premium                                        37,500                  37,500               37,500
Capital revaluation reserve                       1,054,385                 734,473            1,054,385
Profit and Loss Account                           1,559,311               1,434,273            1,324,422
                                                  ---------               ---------            ---------
SHAREHOLDERS FUNDS                                3,563,696               3,118,746            3,328,807
                                                  ---------               ---------            ---------

NOTES:
     
1.   Copies of this statement are available for a period of 14 days from the
     date of this announcement from the Company's office:  6th Floor, 57/63 
     Croydon Road, London, SE20 7TS (Tel: 020 8659 2340).
     
2.   The interim figures for the six month period to 31 March 2004 and 31 March
     2003 are unaudited.  The competitive figures for the year ended 30 
     September 2003 are an abridged version of the audited financial statements 
     for that period.  The statutory financial statements for the financial year 
     ended 30 September 2003 upon which PKF have given an unqualified report and 
     which did not contain a statement under sections 237(2) or 237(3) of the 
     Companies Act 1985, have been filed with the Registrar of Companies.
     
3.   Basic earnings per share have been calculated by dividing the profit 
     attributable to shareholders by the weighted average number of shares in 
     issue, 9,125,000 (31 March 2003:  9,125,000).
     
4.   No interim dividend is proposed in respect of the six months ended 31 March 
     2004  (2003: nil).


For further information please contact:

Bill Leong-Son - Univent plc                          01737 830 010
Tom Hulme - Teather & Greenwood                       020 7426 9593
Dennis Bailey - Hichens, Harrison & Co plc            020 7588 5171


END

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