Business
Trading Statement
Trading Statement.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 7640B Clear Leisure PLC 08 April 2013 \n\n8 April 2013\n \n \nClear Leisure Plc\n(\"Clear Leisure\", \"the Group\" or \"the Company\")\n \n \nTRADING UPDATE \nFOR YEAR ENDED 31 DECEMBER 2012\n \nClear Leisure (AIM: CLP), an investment company with assets in the Italian leisure sector, is pleased to update its shareholders on the trading performance in 2012, ahead of posting its audited final results in the second quarter of 2013.\n \nThe reason behind this update is that the audited final results will show, for the first time, a set of consolidated accounts across the Group, including the subsidiaries where the Company now owns over 50 per cent. Therefore, a comparison with the final results of 2011 will be difficult to make.\n \nThe Board would like to stress that the below unaudited unconsolidated financial extracts are not the final results for 2012, but have been provided to allow investors to make a direct comparison between the trading performance of the holding company in 2012 with that of 2011. In this way, shareholders can see the obvious improvements the Company has made during the year under report.\n \n \nAssets\nUnaudited net assets for the Company increased 78 per cent. to £24.2 million (2011: £13.6 million).\n \nLiabilities\nUnaudited liabilities decreased 56 per cent. to £5.5 million (2011: £12.7 million).\n \nProfit\nThe Company reported an unaudited non-consolidated profit of £524,000 (2011: loss of £13 million, of which £9.3 million was impairment charges). No impairment charges were reported in 2012.\n \nOperational expenses were reduced to £891,000 (2011: £3.9 million). The Board anticipates further reductions in 2013. \n \nA non-recurring profit of £1.1 million was generated from the buy-back of Company debt at a discount, as announced on 25 March 2013.\n \n \nAlfredo Villa, CEO of Clear Leisure, commented, \"2012 was a dramatic year of change within Clear Leisure. We have met our targets to increase the value of our assets while lowering liabilities and expenses. The key milestone for the Group was the successful acquisition of the controlling interest in our three major assets and this will be reflected in our audited accounts which we will publish later in the second quarter. We are very happy with the perf...