RNS Number:8010H
Bolton Group (International) Ld
18 August 2006


Bolton Group (International) Limited
18 August 2006

Preliminary Results

The Board of Bolton Group (International) Limited ('Group') real estate holding
and development group, announces its preliminary unaudited results for the year
ended 30 April 2006.

Chairman's Statement

During the course of this year, the Board has been exploring a new strategic
move into emerging markets, considering investment and development projects with
an emphasis on Russia and its neighbours.

The Board anticipates there will be further announcements shortly to keep
shareholders informed as to the specifics of the company's progress in this
area.

The Company is pleased to announce that after the year end, it has negotiated a
settlement with regard to the outstanding debt to Richards Butler, Hong Kong for
2.5 million company shares.


Michael Goletka
Chairman





Consolidated profit and loss account
Year Ended 30 April 2006
                                            NOTES
                                                        Year ended           Year ended
                                                     30 April 2006        30 April 2005
                                                       (Unaudited)            (Audited)

                                                              #000                 #000

Turnover                                                       174                  468
Administrative expenses                                      (327)                (662)
                                                     _____________        _____________
Operating profit / (loss)                                    (153)                (194)

Interest payable                                              (53)                (272)
                                                     _____________        _____________

(Loss)/profit on ordinary activities
before taxation                                              (206)                (466)

Tax on (loss)/profit on ordinary                                 
activities                                                       -                    -
                                                     _____________        _____________


(Loss)/profit on ordinary activities              
after taxation                                               (206)                (466)
                                                             
Exceptional item                                5              576                    -
                                                     _____________        _____________

Retained (loss) / profit for the year                          370                (466)
                                                     _____________        _____________


(Loss)/earnings per share                                    0.43p              (0.61)p

Diluted (loss)/earnings per share                            0.43p              (0.61)p

______________________________________________________________________________________

All transactions arose from discontinued operations during the current year.






Consolidated balance sheet
at 30 April 2006
                                                     Year ended       Year ended
                                                  30 April 2006    30 April 2005

                                                           #000             #000
Fixed assets
Tangible assets                                               -            3,534
                                                  _____________    _____________
Current assets
Debtors                                                     250               16
Cash at bank and in hand                                      -               38
                                                  _____________    _____________
                                                            250               54

Creditors: amounts falling due within one year            (637)          (1,638)
                                                  _____________    _____________

Net current liabilities                                   (387)          (1,584)
                                                  _____________    _____________

Total assets less current liabilities                     (387)            1,950

Creditors: amounts falling due after more       
than one year                                   7             -          (2,707)
                                                  _____________    _____________

Net (liabilities) / assets                                (387)            (757)
                                                  _____________    _____________

Capital and reserves
Called up share capital                                     861              861
Share premium account                                     1,645            1,645
Revaluation reserve                                           -            (463)
Other reserves                                                -            5,725
Profit and loss account                                 (2,893)          (8,525)
                                                  _____________    _____________

Shareholders' funds - equity                              (387)            (757)
                                                  _____________    _____________





Consolidated Cash Flow Statement
for the year ended  30 April 2006

                                                Note
                                                            Year ended           Year ended
                                                              30 April        30 April 2005
                                                                  2006

                                                                  #000                 #000
Net cash (outflow) / inflow from
operating activities                                               133                (592)
                                                         _____________        _____________

Exceptional items                                                    -                    -
                                                         _____________        _____________

Returns on investments and servicing of finance
Interest received                                                    -                    -
Interest paid                                                     (53)                (272)
                                                         _____________        _____________
Net cash (outflow) from returns on                                
investments and servicing of finance                              (53)                (272)

Acquisitions and disposals
Sale of shares in subsidiaries                                     250                    -
Elimination of bank balance on disposal                           (30)                    -
                                                         _____________        _____________
Net cash (outflow) / inflow from
acquisitions and disposals                                         220                    -
                                                         _____________        _____________

Net cash (outflow) / inflow before                                 
financing                                                          300                (864)
                                                         _____________        _____________

Financing
Repayment of borrowings                                           (86)              (2,517)
New short term loans                                                 -                3,102
Issue of common shares                                               -                  302
Amount owed on disposal of subsidiary                            (250)                    -
                                                         _____________        _____________

Net cash inflow / (outflow) from financing                       (336)                  887
                                                         _____________        _____________

(Decrease) / increase in cash                                     (36)                   23
                                                         _____________        _____________





Preliminary Results
     
1.   The preliminary results report has been prepared using accounting policies 
     consistent with those set out in the statutory accounts of the group for 
     the year ended 30 April 2006.
     
2.   The financial information for the year to 30 April 2006 is unaudited and 
     does not constitute statutory accounts within the meaning of Section 240 of
     the Companies Act 1985. The figures relating to the year ended 30 April 
     2005 are an extract from statutory accounts within the meaning of Section 
     240 of the Companies Act 1985 which have been delivered to the Registrar of 
     Companies and on which the auditors gave an unqualified audit report.
     
3.   The calculation of the (loss)/earnings per share and diluted (loss)/
     earnings per share are based on the following (losses)/profits after 
     taxation and weighted average numbers of shares:


                                                Year ended 30 April   Year ended 30 April
                                                               2006                  2005

                                                              #'000                 #'000
     Earnings/(loss) per share
     Profit/(loss) after tax (#'000)                            370                 (466)
     Number of shares                                    86,138,238            86,138,238

     Diluted earnings/(loss) per share
     (Loss)/profit after tax (#'000)                            370                 (466)
     Number of shares                                    86,138,238            86,138,238

     
4.   Copies of this interim report will be available to the shareholders and the 
     public from the group's registered office.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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