Medserv plc – Approval of Interim Financial Statements

August 31, 2010

Medserv plc announced that the Board of Directors has approved the interim financial statements of the Company for the period from January 1, 2010 to June 30, 2010.

The Company registered a profit before tax of EUR 147,753, compared to EUR 1.54 million registered in the first six months of 2009. Revenue also declined, from 8.16 million to EUR 7.20 million, a decrease of 11.8 per cent. The Directors stated that “the Group’s results in the first half of the year are lower than forecasted and significantly lower than those achieved in the first six months of 2009, but turnover remained at the same levels of the comparative six-month period chiefly due to the increased low margin business registered during this year.” The directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.