NEWS FROM…
THE ARGYLL CONSULTANCIES PLC
December 18, 2009
Argyll reports results for the six months to
September 30, 2009
The Argyll Consultancies PLC today announced its unaudited results for the half year ended September 30, 2009. Turnover at £945k was down by 5.5% on the same period in the previous year (H1 2008: £1m). Profit before tax at £54k was also below last year’s figure (H1 2008: £102k). However, cash remained strong at £828k (H1 2008: £340k), but included £300k of client prepayments. The Directors remain cautious about the market environment and continue to take a conservative view of prospects for the second half of the financial year.
In light of the continuing uncertain economic conditions, the Board is not recommending the payment of an interim dividend.
END
Unaudited Consolidated Profit and Loss Account
for the half-year ended September 30, 2009
Half-year Half-year
ended ended
30/09/09 30/09/08
£ ‘000 £ ‘000
TURNOVER 945 1,000
Administrative expenses (890) (899)
OPERATING PROFIT 55 101
Interest receivable and
similar income 1 3
Interest payable and
similar charges (2) (2)
PROFIT ON ORDINARY 54 102
ACTIVITIES BEFORE TAXATION
Tax on profit on ordinary activities(10) (19)
PROFIT ON ORDINARY ACTIVITIES
AFTER TAXATION 44 83
Interim dividend - -
RETAINED PROFIT FOR THE PERIOD 44 83
Basic earnings per share 0.7p 1.32p
Diluted earnings per share 0.7p 1.20p
Unaudited Consolidated Balance Sheet
September 30, 2009
30/09/09 30/09/08
£ ‘000 £ ‘000
FIXED ASSETS
Tangible assets 16 44
CURRENT ASSETS
Debtors 229 507
Investments 43 46
Cash at bank and in hand 828 340
_____ _____
1,100 893
CREDITORS
Amounts falling due (573) (704)
within one year
NET CURRENT ASSETS 527 189
TOTAL ASSETS LESS 543 233
CURRENT LIABILITIES
CREDITORS
Amounts falling due after - (17)
more than one year
PROVISIONS FOR LIABILITIES AND CHARGES
Deferred tax - -
543 216
CAPITAL AND RESERVES
Called-up share capital 63 63
Share premium account 139 139
Capital redemption reserve 18 18
Profit and loss reserve 323 (4)
SHAREHOLDERS' FUNDS 543 216
The financial information set out above does not constitute the company's statutory accounts. Statutory accounts for the year ending 31 March 2009 have been delivered to the registrar of companies. The auditors have reported on those accounts; their reports were (i) unqualified, (ii) did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their reports and (iii) did not contain statements under section 237(2) or (3) of the Companies Act 1985.
About Argyll
The Argyll Consultancies PLC is a UK Communications Consultancy Group that serves clients on an international basis through its membership of the Worldcom PR Group which has 100 partners in over 33 countries.
For further information please contact:-
Rosemary Brook Tel: +44 (0) 20 3043 4151
Chairman Fax: +44 (0) 20 3043 4154
Email: rosemary.brook@argyll.co.uk Web: www.argyll.co.uk
This announcement has been issued by The Argyll Consultancies PLC,
Central Court, 25 Southampton Buildings, London WC2A 1AL. The directors of The Argyll Consultancies PLC accept responsibility for this announcement.