BOL Bolton Grp(Int)

RNS Number:2865L
Bolton Group (International) Ld
09 January 2008

Bolton Group (International) Limited
9 January 2008



Interim Results for the six months ended 31 October 2007

Chairman's Statement

The Board of Bolton Group (International) Limited ('Group') real estate holding
and development group, announces the unaudited results for the six months ended
31 October 2007.



Results

The Group has made a loss before tax of �31,000 (2006 - loss(unaudited) -
�125,000).

The Directors are not able to recommend the payment of a dividend.



Review of operations



No income was received during the period and the financial results reflect
solely the various administration, legal and other expenses incurred during the
year.

During the first six months of this financial year the Board has continued the
search for suitable property investment and development opportunities in the
various emerging markets.  Visits to several countries and important contacts
have been made and a number of possible projects have been identified, both in
the commercial, industrial and residential sectors.

However, as of today no commitments have been made.  The Board considers that
the timing of investments is crucial given the prevailing state of the financial
markets. Additionally the availability and choice of appropriate loan finance
are also critical issues in determining whether or not a satisfactory return on
any investment can be achieved.

One of the main reasons the Board has not moved forward with investments in the
emerging markets, is because we have noted that the returns being offered are
not sufficient when taking into account the political risks. Due to the current
credit crunch opportunities will occur which the Company will be able to use to
its advantage.







Michael Goletka
Chairman




9th January 2008



Profit and loss account
For the six months ended 31 October 2007

                                       6 months to           6 months to           Year ended
                                   31 October 2007       31 October 2006        30 April 2007
                                       (Unaudited)           (Unaudited)            (Audited)
                                             �000                  �000                  �000

Turnover                                     -                     -                     -
Administrative expenses                      (31)                  (125)                 (41)

Operating profit / (loss)                    (31)                  (125)                 (41)

Interest payable                             -                     -                     -

Profit / (loss) on ordinary activities
before taxation                              (31)                  (125)                 (41)

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

Profit / (loss) on ordinary activities       (31)                  (125)                 (41)
after taxation

Exceptional and extraordinary items          -                     -                     -



Retained profit / (loss) for the year        (31)                  (125)                 (41)

Earnings per share                           (0.04)p               (0.15)p               (0.05)p
                                             
Diluted earnings per share                   (0.04)p               (0.15)p               (0.05)p




Balance sheet

at 31 October 2007

                                              As at                 As at              Year ended
                                    31 October 2007       31 October 2006        30 April 2007
                                        (Unaudited)           (Unaudited)            (Audited)
                                              �000                  �000                  �000
Fixed assets
Tangible assets                               -                     -                     -

Current assets
Debtors                                       -                     -                     -
Cash at bank and in hand                      -                     -                     -

Creditors: amounts falling due within one     (459)                 (512)                 (428)
year

Net current liabilities                       (459)                 (512)                 (428)

Total assets less current liabilities         (459)                 (512)                 (428)

Creditors: amounts falling due after more
than one year                                 -                     -                     -

Net (liabilities) / assets                    (459)                 (512)                 (428)

Capital and reserves
Called up share capital                       861                   861                   861
Share premium account                         1,645                 1,645                 1,645
Profit and loss account                       (2,965)               (3,018)               (2,934)

Shareholders' funds - equity                  (459)                 (512)                 (428)




Preliminary Results



1.       The interim report has been prepared using accounting policies
consistent with those set out in the statutory accounts for the year ended 30
April 2007.

2.       The financial information for the six months ended 31 October 2007 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 2007 are an extract from statutory accounts on which the auditors gave an
unqualified audit report.

3.       The calculation of the earnings per share and diluted earnings per
share are based on the following profits / (losses) after taxation and weighted
average numbers of shares:


                                             6 months ended 31    6 months ended 31     Year ended 30
                                                  October 2007         October 2006        April 2007
                                                    (Unaudited)          (Unaudited)         (Audited)
                                                         �'000                �'000             �'000
Earnings/(loss) per share
Profit/(loss) after tax (�'000)                           (31)                (125)              (41)
Number of shares                                    86,138,238           86,138,238        86,138,238

Diluted earnings/(loss) per share
Profit/(loss) after tax (�'000)                           (31)                (125)              (41)
Number of shares                                    86,138,238           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.








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