Business
Gledhow Investments plc: Interim Financial Re...
Gledhow Investments plc: Interim Financial Re....
About this update from Gledhow Investments Plc
[{"type":"text","content":"\n \n \n \n\n\nGledhow Investments plc (GDH)\n\n\n\n\n\n\nGledhow Investments plc: Interim Financial Results to 31 March 2023 06-Jun-2023 / 07:00 GMT/BST\n\n\nGledhow Investments plc\n\n \n\n \n\nInterim results for the six-months ended to 31 March 2023\n\n \n\n6 June 2023\n\n \n\nResults\n\nGledhow Investments plc (“Gledhow” or the “Company”) is pleased to announce its unaudited half year results (“interim results”) for the six-month period from 1 October 2022 to 31 March 2023. These interim results have not been audited or reviewed by the Company’s auditor.\n\n \n\nThe Company continues to pursue its investment strategy which has the objective of achieving long-term capital growth. \n\n \n\nThe Company had cash of GBP 339,447 at the period end. The Company made a pre-tax loss of GBP 93,873 which included net unrealised losses on investments of GBP 266,960.\n\n \n\nDespite the uncertain economic environment, the Company is in a strong position, thanks to its strong cash position, and we look forward to being able to make opportunistic investments in small to medium sized undervalued companies as they arise.\n\n \n\n \n\nThe directors of the issuer accept responsibility for the contents of this announcement.\n\n \n\nFor further information please contact:\n\n \n\nGuy Miller 020 7220 9795 (Gledhow Investments plc)\n\n \n\n \n\n \n\nProfit and Loss Account \n\nfor the six-months ended 31 March 2023 \n\n \n\n\n Continuing operations\n\n \n \n \n Six months to \n\n 31 March 2023\n \n \n Six months to \n\n 31 March 2022\n \n \n \n \n \n £\n \n \n £\n \n \n Turnover\n \n \n \n \n \n \n \n \n Proceeds from sale of investments\n \n \n 597,990\n \n \n 512,207\n \n \n Cost of sales (including unrealised gains and losses on investments held for resale)\n \n \n (667,050)\n \n \n (775,517)\n \n \n \n \n \n \n \n \n  ...