Interim Results

On-Line PLC
28 March 2003

ON-LINE PLC



Interim Results For the Six Months Ended 31st December 2002



On-line Plc today announces interim results for the six months ended 31st
December 2002.


Business Highlights


•        Net losses reduced by 79% to £500,000 (Year ended June 2002 £2.664
         million)

•        EBITDA losses reduced by 73% to £149,000 (Year ended June 2002
         £549,000)

•        Loss-making subsidiaries closed since period-end




Chairman of On-line Plc, Michael Hodges commented,

'We have cut our losses significantly, drastically reduced our cash-burn and
eliminated our loss-making subsidiaries and are now well placed to exploit the
potential from any up-turn in the market.'



For further information, please contact:


Michael Hodges, Chairman On-line Plc                  020 8532 8918


Fiona Kindness, Grant Thornton -Nominated Adviser     020 7383 5100





Chairman's Statement


Results

We are pleased to report that the overall loss sustained for the period has been
greatly reduced from £2,664,000 for the year ended 30th June 2002 to £500,000
for the six months ended 31st December 2002.

A less meaningful comparison is the reduction in turnover for the six months to
the end of December at £360,000 down from the £1,177,000 for the corresponding
six months of the previous year due to the non-consolidation of Advfn for the
first time.

Our EBITDA has also improved considerably from last June as can be seen from the
table below, with the loss reduced from £549,000 to only £149,000.




EBITDA - Earnings before interest, tax,             Six months ended  Six months ended    Year ended
depreciation, amortisation and exceptional          31 December 2002  31 December 2001  30 June 2002
              items                                          £'000             £'000           £'000


(Loss)/profit before tax - per financial                     (500)               142       (2,370)
statements

Amortisation                                                    65               284           450
Exceptional item - Impairment                                    -               300         3,609
Exceptional item - Part disposal of subsidiaries               204             (880)       (2,974)
Depreciation                                                    65               217           685
Net interest                                                    17                25            51

EBITDA                                                       (149)                88         (549)



Trading Review

The last six months have seen us reduce our losses and try to set the company on
an even keel as we move forward. This has meant we have had to make some hard
choices.

We have restructured Akaei PLC and it is effectively now a shell. We are talking
to several parties about its future and with the right opportunity this could
still lead to a  positive future for this company.

Advertwizard Limited did not make the progress we had hoped for and since the
period end we had to make the hard decision to stop supporting it and close its
doors.

ADVFN is still the UK's leading Stocks and Shares website which has continued to
grow and build on the success of last year.  Once again its turnover increased,
this time by 59% to £1,083,000 for the six months period and its EBITDA showed a
£10,000 loss down from £271,000 for the same period last year.

ADVFN has many new features planned over the coming months which will add to the
service and put it in an even stronger position and hopefully start to make a
meaningful contribution to the group.


Prospects

The market currently does not have any appetite for technology incubation and so
we have no plans to start any new technology based projects in the immediate
future. We are of course actively looking for opportunities that may benefit the
company, while concentrating on what we have, to ensure that we reap the rewards
we feel they should provide for us in future.





Michael Hodges
Chairman
28th March 2003



                                  ON-LINE PLC
                      CONSOLIDATED PROFIT AND LOSS ACCOUNT

                                                         Six months ended    Six months ended      Year ended
                                                         31 December 2002    31 December 2001     30 June 2002

                                                             Unaudited           Unaudited           Audited
                                                               £'000               £'000              £'000

Turnover                                                          360               1,177             2,320


Cost of sales                                                   (210)               (307)             (691)
                                                           __________          __________        __________
Gross profit                                                      150                 870             1,629

Administrative expenses:
Exceptional item - impairment loss                                  -               (300)           (3,609)
Other administrative expenses                                   (330)             (1,498)           (3,290)
                                                           __________          __________        __________
Total administrative expenses                                   (330)             (1,798)           (6,899)

                                                           __________          __________        __________
Operating loss                                                  (180)               (928)           (5,270)

Share of operating losses of associate                          (123)                   -              (23)

Exceptional item: (loss)/profit on part disposal
of subsidiaries                                                 (204)                 880             2,974

Net interest                                                     (16)                (25)              (51)
                                                           __________          __________        __________
Loss on ordinary activities before taxation                     (523)                (73)           (2,370)


Tax on loss on ordinary activities                                  -                   -                 -
                                                           __________          __________        __________
Loss on ordinary activities after taxation                      (523)                (73)           (2,370)


Minority interest                                                  23                 215             (294)
                                                           __________          __________        __________
(Loss) / profit sustained for the period                        (500)                 142           (2,664)

                                                           __________          __________        __________

(Loss) / earnings per ordinary share                           (7.1p)               2.35p           (42.5p)





There were no recognised gains or losses other than the result for the financial
period.



Notes to the Interim Statement


1.   The calculation of (loss) / earnings per share is based on the (loss) / 
     profit on ordinary activities after taxation and minority interest
     divided by the weighted average number of shares in issue for the period 
     which was 7,018,000 (6,037,000 in the six months ended 31 December 2001 and 
     6,271,000 in the year ended 30 June 2002).


2.   The directors do not recommend the payment of an interim dividend.


3.   The financial information contained in this document does not constitute 
     statutory accounts within the meaning of Section 240 of the Companies Act
     1985. The financial information for the year ended 30 June 2002 is
     extracted from the audited financial statements for that period on which 
     the auditors gave an unqualified report. A copy of those financial 
     statements has been filed with the Registrar of Companies.


4.   Copies of this statement are being posted to shareholders and will be 
     available from the company's registered office at 642a Lea Bridge Road, 
     Leyton, London, E10 6AP for the next 14 days.


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