Manx & Overseas PLC
7 July 2000
Manx & Overseas plc (the 'Company')
The Company has today issued a preliminary statement on its interim accounts
for the six month period to 31 March 2000.
The operating loss from continuing activities before interest is expected to
be not more than £360,000 (1999: loss of £252,000). The net interest charge
for the period is £203,000 (1999: £121,000). In addition the Company incurred
an exceptional charge of £310,000 on the disposal of its distribution
businesses which were discontinued during the period. Included within last
year's comparative figures was a contribution from the discontinued businesses
of £401,000. The loss before tax for the half year, after exceptional items is
expected to be not more than £930,000 (1999: profit of £28,000).
The Company intends releasing its interim results for the six month period to
31 March 2000 by the end of this month.