World Trade Systems PLC Half-year Report (9196M)
02 8월 2017 - 9:48PM
UK Regulatory
TIDMWTS
RNS Number : 9196M
World Trade Systems PLC
02 August 2017
WORLD TRADE SYSTEMS PLC ("Company" or "Group")
Announcement of Unaudited Half Yearly Condensed Consolidated
Financial Report as at 30 June 2017
As shareholders already know from previous announcements, the
Company is in the process of submitting its application to have its
shares relisted for trading on the Standard Segment of the Official
List on the London Stock Exchange. It is in this context that the
Board is announcing its unaudited half yearly condensed
consolidated financial report as at 30 June 2017. These results
mainly reflect the business activities of the Company's wholly
owned subsidiary in China, Shimao (Suzhou) Biotechnology Co., Ltd
("WTS China"), but also detail the efforts of the Company itself in
seeking to diversify the China base through development of
co-operative ventures with other international health food and
health care companies. The Directors believe that the Group's
future growth will be international as well as domestic Chinese,
and will include expanding the depth and range of its health care
and natural beauty enhancing products.
The Group only recommenced trading operations in July 2016 and
therefore the 12-month period to 31 December 2016 is actually a
six-month trading period and we therefore have effectively a
comparison of the two most recent six-month trading periods ending
31 December 2016 and 30 June 2017 respectively.
The net profit for the Group for the period 1 January 2017 to 30
June 2017 was GBP 1.862 million with the UK holding company
registering a profit of GBP296,115 (compared with a loss of
GBP234,000 for the 12 month period to 31 December 2016). This was
primarily due to the positive effect of Kudrow Finance Limited
("Kudrow") waiving the accrued interest of GBP241,000 on its
outstanding loans.
I am pleased and proud to be able to make this announcement at
this time on behalf of the Board and all of the staff and employees
of the Group who have been working so hard for the past year. The
Board hopes to be able to report to shareholders continued positive
results on the Group's development and plans in due course.
_________________
Robert Lee
Chairman
More information can be found on the company's website
www.worldtradesystemsplc.com.
For enquiry, please contact Executive Director, AKM Ismail, Tel:
+44 (0)1494 590515, email: akm.ismail@wtscn.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 02, 2017 08:48 ET (12:48 GMT)
World Trade Systems (LSE:WTS)
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World Trade Systems (LSE:WTS)
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부터 5월(5) 2023 으로 5월(5) 2024