Business
Correction - Half Yearly Repo
Correction - Half Yearly Repo.
About this update from Bradda Head Lithium Limited
[{"type":"text","content":"\n RNS Number : 7677K Baydonhill PLC 24 December 2008 \n \nTHIS ANNOUNCEMENT REPLACES THE EARLIER RELEASE TODAY AT 7.00AM UNDER RNS 7391K. THIS IS DUE TO A TYPOGRAPHICAL ERROR IN THE CASH FLOW STATEMENT. NO OTHER CHANGES WERE MADE. \n\n\n\n24 December 2008\n\nBaydonhill plc \n('Baydonhill' or 'the Company')\n\nInterim results for the six month period ended 30 September 2008\n \nKey Points\n\n\n\nNet loss for the period of £658,451 (six month period to 30 September 2007: loss £845,967)\n\n\n\n\n\nGross profit (foreign exchange commission) up 36 per cent. to £1,366,256\n\n\n\n\n\nOperating loss for the period down 32 per cent. to £633,854 (2007: loss £932,842)\n\n\n\n\n\n'BH Online', the Company's new corporate trading system, fully operational for the period\n\n\n\nContacts\n\nBaydonhill plc Tel: 020 7594 0584\nEric Peacock, Chairman\nWayne Mitchell, Chief Executive\n\nJohn East & Partners Limited Tel: 0207 628 2200 \nBidhi Bhoma\n\n\nChairman's Statement\n\nOverview\nFor the six months ended 30 September 2008 the Company made a loss before tax of £658,451 (2007: loss £845,967) on gross turnover of £220,720,675 (2007: £131,669,000).\n\nDuring the period, the Company announced that it had entered into a new £500,000 loan facility with Wallich & Matthes Holdings B.V., a wholly owned subsidiary of Ekwienox Limited ('Ekwienox'), the Company's largest shareholder. The Company remains dependent on Ekwienox to support its working capital requirements in the short to medium term and, when necessary, will enter into discussions with Ekwienox during 2009.\n\nReview\nThe launch of the Corporate Division contributed £136 million to gross tu...