6PM Holdings plc – Approval of Interim Financial Statements ending 30 June 2009

6PM Holdings plc – Approval of Interim Financial Statements ending 30 June 2009

6PM Holdings plc announced that in a meeting held on August 25, 2009, the Board of Directors approved the Interim Financial Report for the six month period ending June 30, 2009.

The Group registered a decrease of GBP 117,791 in its Profit before tax, from a profit of GBP 90,418 in the first six months of 2008 to a loss of GBP 27,373 in the first six months of 2009. On the other hand, Revenue for the period increased by 8.87%, from GBP 2.64 million to GBP 2.88 million. The Group stated that “the performance over the first half of this financial year continued to reflect extremely tough trading conditions. Over the period the group successfully reduced its indirect and direct costs without compromising the long term viability of the business. The impact of these incremental cost reductions only began to materialise towards the end of the period.”

Earnings per share for the period decreased from a positive GBP 0.013 to a negative GBP 0.005. The directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.