Vulcan Industries Plc First Quarter Results
August 01 2023 - 2:00AM
UK Regulatory
TIDMVULC TIDMVULC
Unaudited Consolidated
Statement of Comprehensive
Income
The comparatives have been
restated to reflect
discontinued activities
Quarter ended Year ended Year ended
30 June 31 March 31 March
2023 2023 2022
As restated As restated
Note £'000 £'000 £'000
Continuing activities *
Revenue 231 1,165 46
Cost of sales (134) (689) (29)
Gross profit 97 476 17
Operating expenses (215) (1,132) (762)
Other gains and losses - (131) (280)
Finance costs (92) (439) (390)
Loss before tax (210) (1,226) (1,415)
Income tax - 28 -
Loss for the period from (210) (1,198) (1,415)
continuing activities
Discontinued activities
(Loss) / profit for the period 3 - 1,508 (2,272)
from discontinued activities
(Loss) / profit for the period (210) 310 (3,687)
attributable to the owners of
the Company
Other Comprehensive Income for - -
the period
Total Comprehensive Income for (210) 310 (3,687)
the period attributable to
owners of the Company
Earnings per share
- Basic and Diluted 4 (0.02p) (0.20p) (0.40p)
earnings per share for loss
from continuing operations
attributable to the owners of
the Company (pence)
- Basic and Diluted 4 (0.02p) 0.05p (1.06p)
earnings per share
attributable to the owners of
the Company (pence)
Unaudited
Consolidated
Statement of
Financial
Position
At At At
30 June 31 March 31 March
2023 2023 2022
As
restated
Note £'000 £'000 £'000
Non-current
assets
Goodwill 718 718 945
Other 262 270 317
intangible
assets
Investments 5 3,426 3,350 500
Property, 127 131 295
plant and
equipment
Right of use - 403
assets
Total non 4,533 4,469 3,647
-current
assets
Current
assets
Inventories 30 31 252
Trade and 460 488 833
other
receivables
Cash and bank 87 31 69
balances
Total current 577 550 1,154
assets
Total assets 5,110 5,019 3,614
Current
liabilities
Trade and (1,630) (2,698)
other
payables
Lease - - (125)
liabilities
Borrowings (1,311) (1,323) (2,968)
Total current (3,234) (2,953) (5,791)
liabilities
Non-current
liabilities
Lease - - (266)
liabilities
Borrowings (1,854) (1,854) (674)
Deferred tax (31) (31) (38)
liabilities
Total non (1,885) (1,885) (978)
-current
liabilities
Total (5,119) (4,838) (6,769)
liabilities
Net (9) 181 (3,155)
(liabilities)
/ assets
Equity
Share capital 349 348 211
Share premium 9,846 9,827 6,645
account
Shares to be - 293
issued
Retained (10,204) (9,994) (10,304)
earnings
Total equity (9) 181 (3,155)
attributable
to the owners
of the
company
Quarter ending Year ended Year ended
30 June 31 March 31 March
2023 2023 2022
£'000 £'000 £'000
Revenue - 926 5,049
Cost of sales - (825) (4,061)
Gross margin - 101 988
Operating expenses - (234) (1,700)
Other Income - 39 20
Impairment charge - - (2,189)
Finance costs - (49) (113)
Loss before tax on - (143) (2,994)
discontinued
activities
Tax credit on - - 68
discontinued
activities
Profit on disposal of - 1,651 654
discontinued
activities
Profit / (loss) on - 1,508 (2,272)
discontinued
activities
The calculation of the basic Quarter ending Year ended Year ended
earnings / loss per share is based
on the following data 30 June 31 March 31 March
2023 2023 2022
£'000 £'000 £'000
Loss for the period from (210) (1,198) (1,415)
continuing activities
Earnings / (loss) for the period (210) 310 (3,687)
for the purposes of basic loss per
share attributable to equity
holders of the Company
Weighted average number of 872,139,327 597,992,325 346,819,139
Ordinary Shares for the purposes
of basic loss per share
Basic loss per share (pence) from (0.02p) (0.20p) (0.4p)
continuing activities
Earnings / (loss) per share (0.02p) 0.05p (1.06p)
(pence) attributable to equity
holders of the Company
At At
30 June 31 March
2023 2022
£'000 £'000
MBH Corporation PLC - Medium Term Notes 500 500
Battery Storage Project
- At 31 March 2023 2,850 -
- Expenditure capitalized during the quarter 76 -
- At 30 June 2023 2,926 -
3,426 500
Vulcan Industries plc Via Vox Markets
Ian Tordoff, Chairman
First Sentinel Corporate +44 7876 888 011
Finance Ltd (AQSE Corporate
Adviser)
Brian Stockbridge and
Gabrielle Cordeiro
Vox Markets (Media and vulcan@voxmarkets.co.uk
Investor Relations)
Paul Cornelius + 44 7866 384 707
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/vulcan-industries-plc/r/first-quarter-results,c3811838
END
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