Business
Financial report for six months to 30 June 2016
Financial report for six months to 30 June 2016.
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n \nRNS Number : 8239H Sealand Capital Galaxy Limited 22 August 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\nFOR IMMEDIATE RELEASE - 22 August 2016\n \nSealand Capital Galaxy Limited\n \nInterim Results\nSix months to 30 June 2016\nSealand Capital Galaxy Limited (\"Sealand\" or the \"Company\") is pleased to announce its interim results for the six month period ended 30 June 2016.\nFinancial Review\nResults for the Period from 1 January 2016 to 30 June 2016 show a loss before tax of £85,844.\nThe Company had cash in the bank and in hand of £600,052 at 30 June 2016. The board does not consider it appropriate to declare a dividend. \nOn 24 March 2016 it was announced to the market that the Company had signed a Memorandum of Understanding with SecureCom Media Holdings Limited (\"SecureCom\") to acquire all SecureCom's issued share capital. SecureCom has obtained the global exclusive operating rights to the mobile application \"Metalk\" (www.immetalk.com), developed by Logicquest Technology Inc.\nThe Company's shares remain suspended pending the completion of the acquisition.\nThis announcement contains inside information.\n \nEnquiries:\n \nSealand Capital Galaxy Limited: Nelson Law (chairman), Tel: +1 345 949 4544\n\n\n \nSEALAND CAPITAL GALAXY LIMITED\nCONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME\nFOR THE SIX MONTHS ENDED 30 JUNE 2016\n \n \n\n\n\n\n\n\n\n\n\n\n01/01/2016 \nto\n30/06/2016\n\n\n22/05/2015 \nto\n30/06/2015\n\n\n\n\n\n\n\nNote\n\n\n£\n\n\n£\n\n\n\n\n\n\n\n\n\n\n(unaudited)\n\n\n(unaudited)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOther income\n\n\n3\n\n\n521\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdministrative expenses\n\n\n\n\n\n\n(86,365)\n\n\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss before tax\n\n\n4\n\n\n(85,844)\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIncome tax expense\n\n\n6\n\n\n\n-\n\n\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss for the period and total comprehensive loss for the period attributable to ordinary shareholders\n\n\n\n\n\n\n \n \n(85,844)\n\n\n\n...