Business
Interim Results 2006
Interim Results 2006.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nEmbargoed: 07:00hrs 11th September 2006\n\n International Brand Licensing plc \n\n (\"IBL\" or the \"Company\") \n\n Interim Results for the 6 month period ended 30 June 2006 \n\nChairman's Statement\n\nI am delighted to announce IBL's interim results for the six months to 30th\nJune 2006. These results demonstrate a continuation of growth from the\ncorresponding period last year, with turnover up 19% (from £1,456,000 to £\n1,738,000) and pre-tax and pre-exceptional profit up 211% (from £101,000 to £\n314,000).\n\nEarnings per share for the period was 1.0p (2005: 1.3p) and if the performance\nof the Group continues to show strong growth, it is the Board's intention to\npay a maiden dividend in the 2007 financial year.\n\nThis represents a particularly strong performance in light of the fact that\nlast year we had the Ashes series in England and our licensing revenue was\nboosted in the first half with new contract advances. This demonstrates the\nrobustness and controls that have been put in place during the past twelve\nmonths.\n\nYour Board is working tirelessly to grow and further establish the Admiral\nbrand around the world. The potential growth from our existing territories,\npotential new territories and the recent launch of our on-line e-commerce site \nwww.admiralsportswear.com is substantial.\n\nWe are currently in negotiations with regards to a number of corporate\ntransactions, which if they were to complete would have a significant effect\nupon the Group. These are all at an early stage and shareholders will be kept\nfully informed of developments.\n\nThe goal for the first twelve months of my tenure as Chairman was to stabilise\nthe business. This is now complete and the second phase is well under way to\ngrow the business and deliver greater shareholder value.\n\nYour Board views the future with confidence and believes we will see continued\ngrowth going forward.\n\nAdam Reynolds\n\nChairman\n\n8th September 2006\n\nGroup Profit And Loss Account\n\nFor The Period Ended 30 June 2006\n\n 6 month period 6 month period Year ended\n ended 30 June ended 30 June \n 2006 2005 31 December\n 2005\n \n Notes £000 £000 £000\n \n (Unaudited) (Unaudited) (Audited)\n \nTurnover 1,738 1,456 3,261\n \nCost of Sales (813) (521) (1,286)\n \nGross Profit 925 935 1,975\n \nExceptional cost of 2 (139) - -\nshare awards \n \...