Globe Capital Limited Interim Results for six months period to 30 June 2018
01 October 2018 - 4:00PM
UK Regulatory
TIDMGCAP
28 September 2018
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to 30 June 2018
Chairman's Statement
Globe Capital Limited is pleased to announce its unaudited interim results for
the 6 months period to 30 June 2018. Operational costs for the period amounted
to GBP113k compared to GBP42k for the 6 months to June 2017.
During the period the company raised an additional GBP500,000 in equity, before
costs to enable the commencement of the process of setting up of a new office
in Business Bay, Dubai. Together with incorporating a new subsidiary; Vogel
Marketing Services FZE in Ajman, United Arab Emirates. The company is
continuing with the promotion of companies from the UK and EU within the gulf
region.
The company continues to seek medium to long term investments in businesses
that exhibit growth potential. The Company continues to intend to be an active
investor in situations where the Company can make a clear contribution to the
growth and development of the investment.
28th September 2018
David Barnett
Chairman
Globe Capital Limited
Statement of Comprehensive Income
Six months ended 30 June 2018
6 months 6 months Year ended
ended ended 31 December
30 June 30 June 2017
2018 2017
GBP '000 GBP '000 GBP '000
Revenue - - -
Other Income - - -
Gross Profit - - -
Administrative Expenses (113) (42) (89)
Profit / (Loss) from Operations (113) (42) (89)
Finance Costs - - -
Profit / (Loss) Before Taxation (113) (42) (89)
Taxation - - -
Other Comprehensive Loss - - -
Profit / (Loss) for the period (113) (42) (89)
Earning / (Loss) per share
Basic & Diluted (pence) (0.05)p (0.02)p (0.05)p
Globe Capital Limited
Balance Sheet as at 30 June 2018
30 June 30 June 31 December
2018 2017 2017
GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment 21 - -
Investments 14 14 14
Current assets
Prepayments 57 3 7
Cash and cash equivalents 169 6 58
Other debtors and receivables 126 - -
Total Assets 387 23 79
Current Liabilities
Trade and other payables 138 18 175
Accruals 44 23 -
Financial Liabilities - Borrowings - - -
Creditors: falling due after more than one year
Amounts due to directors 11 23 32
Amounts due to a shareholder - 54 14
Total Liabilities 193 118 221
Net Assets 194 (95) (142)
Shareholders' Equity
Share Capital 645 639 639
Reserves (451) (734) (781)
Total Equity 194 (95) (142)
Globe Capital Limited
Statement of Cash Flows
Period ended 30 June 2018
6 months 6 months Year ended
ended ended 31 December
30 June 30 June 2017
2018 2017
GBP '000 GBP '000 GBP '000
Profit/(Loss) before tax (113) (42) (89)
Adjustment:
Other income - - -
Depreciation - - -
Operating profit/(loss) (113) (42) (89)
Cash flows from operating activities
(Increase)/decrease in trade and other receivables (177) 4 -
Increase/(decrease) in trade and other payables 7 5 (143)
Amounts due to Directors (21) 15 19
Share based payments - -
Cash utilised in operations (304) (18) (73)
Cash flows from investing activities
Bank interest received - - -
Purchase of tangible assets (21) - -
Net cash from investing activities - -
Cash flows from financing activities
Issue of new shares 450 - -
Amounts due to a shareholder (14) 19 21
Net cash from financing activities 19 21
(Decrease)/increase in cash and cash equivalents 111 1 52
Cash and cash equivalents at the beginning of the 58 5 6
period
Cash and cash equivalents at end of period 169 6 58
Cash at Bank C/F 169 6 58
The financial information set out above has not been reviewed or audited by the
company's auditors.
Basic and diluted profit per share is calculated by dividing the loss for the
period of GBP113,000 (2017: loss GBP42,000) by the weighted average number of
ordinary shares of 222,586,419 (2017: 189,253,085).
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information
Globe Capital Limited
David Barnett
Chairman
+1-855-280-6793
CORPORATE ADVISER AND CONTACT DETAILS:
Brian Stockbridge
First Sentinel Corporate Finance
Suite 12A
55 Park Lane
Mayfair, London
W1K 1NA
Tel +44 (0) 207 183 7405
E-mail: Brian@first-sentinel.com
END
(END) Dow Jones Newswires
October 01, 2018 02:00 ET (06:00 GMT)
Globe Capital (AQSE:GCAP)
Historical Stock Chart
From Dec 2024 to Jan 2025
Globe Capital (AQSE:GCAP)
Historical Stock Chart
From Jan 2024 to Jan 2025
