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DJ Lombard Capital PLC Unaudited Interim Results for Six Months Ended 30.9.13

 
TIDMLCAP 
 
19 December 2013 
                                                                GB00B1N6G039 
 
                              LOMBARD CAPITAL PLC 
 
                         ("Lombard" or the "Company") 
 
     UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2013 
 
Chairman's Statement 
 
During the second half of  the year your company reduced costs and  provided  a 
number of profitable secured debt products  to clients where  all principle, 
costs and interest were repaid without default. 
 
We continue to reduce costs and develop a pipeline of business in to the second 
half. However, we  are  aware  that  the  future  of ISDX remains uncertain and 
against a backdrop of continuing lack  of liquidity in the  Company's shares on 
this  market and  the consequential  extremely  limited  trading  opportunities 
available, we  are  continually  exploring other avenues to enhance shareholder 
value. 
 
Grahame Rose 
Chairman 
 
 
CONDENSED STATEMENT OF COMPREHENSIVE INCOME 
FOR SIX MONTHS ENDED 30 SEPTEMBER 2013 
 
                                        6 months to   6 months to   Year ended 
                                       30 September  30 September     31 March 
                                               2013          2012         2013 
                                        (Unaudited)   (Unaudited)    (Audited) 
 
                                                GBP           GBP          GBP 
 
Continuing operations 
 
Finance income                               19,547             -       10,000 
 
Loss on disposal of investments             (9,248)       (3,637)    (132,645) 
 
Impairment of investments                         -             -     (26,752) 
 
Operating expenses                         (38,222)      (47,118)    (106,360) 
 
Operating loss and loss before             (27,923)      (50,755)    (255,757) 
taxation 
 
Taxation                                          -             -            - 
 
Loss for the period                        (27,923)      (50,755)    (255,757) 
 
Market value adjustment to                (192,823)       168,121      379,988 
investments 
 
Total comprehensive (expense)/income      (220,746)       117,366      124,231 
for the period 
 
Loss per share 
Basic and diluted: 
Total and continuing operations             (0.01)p       (0.03)p      (0.13)p 
 
 
CONDENSED STATEMENT OF FINANCIAL POSITION 
AS AT 30 SEPTEMBER 2013 
 
                                       30 September    30 September   31 March 
                                               2013            2012       2013 
                                        (Unaudited)     (Unaudited)   (Audited) 
 
                                                GBP            GBP          GBP 
Fixed assets 
Investments                                 170,093        241,020      392,158 
 
                                            170,093        241,020      392,158 
 
Current assets 
Trade and other receivables                  16,203          2,490        6,816 
 
Cash and cash equivalents                    57,732        205,153       52,229 
 
                                             73,935        207,643       59,045 
 
Total assets                                244,028        448,663      451,203 
 
 
Capital and reserves 
Called up share capital                     191,815        191,815      191,815 
 
Share premium                               755,614        755,614      755,614 
 
Investment revaluation reserve             (77,535)       (96,579)      115,288 
 
Retained loss                             (637,936)      (431,763)    (636,765) 
 
                                            231,958        419,087      425,952 
 
Current liabilities 
Trade and other payables                     12,070         29,576       25,251 
 
Total equity and liabilities                244,028        448,663      451,203 
 
 
The unaudited interim results for  the six months  ended 30 September 2013  are 
unaudited and have been reviewed by the Company's auditors. 
 
The Directors of the Issuer accept responsibility for this announcement. 
 
 
ENQUIRIES: 
 
LOMBARD CAPITAL PLC 
Grahame Rose 
+44 777 0644 408 
 
PETERHOUSE CORPORATE FINANCE LIMITED 
Heena Karani or Duncan Vasey 
+44 207 469 0933 
 
 
 
END 
 

(END) Dow Jones Newswires

December 19, 2013 06:20 ET (11:20 GMT)