FOR IMMEDIATE RELEASE 24 December 2009
JUDICIUM PLC
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2009
Judicium plc is pleased to announce its interim, unaudited, results for the six
months ended 30 September 2009.
The principal activity of the Judicium plc group during the period, conducted
through its wholly owned subsidiary Judicium Consulting Ltd, was the provision
of regulatory consultancy and training services to private and public sector
organisations in the areas of employment law, financial services, health and
safety, data protection and trademarks.
Despite difficult economic circumstances the Directors are pleased to report
trading figures in line with expectations set out in the previous financial
year-end. The economic downturn has resulted in a fall in sales for short term
one-off consultancy contracts; especially those involving safety consulting.
This drop is likely to continue over the next 6 months and may be aggravated as
companies seek to reduce expenses to the minimum and strech credit limits to
the full. These factors, together with a one-off cost for Directors' fees will
result in a fall in turnover and profitability over the current financial year
before rising again the following year.
The board is not recommending the payment of a dividend in respect of the six
months ended 30 September 2009.
CONSOLIDATED PROFIT & LOSS
Six months Six months
ended
ended
30-Sep-09 30-Sep-08
Unaudited Unaudited
Turnover 718,122 722,088
Cost of Sales -72,406 -130,195
Gross Profit 645,716 591,893
Administrative Expenses -562,177 -502,816
OPERATING PROFIT / (LOSS) 83,539 89,077
Investment Income 149 3,210
83,688 92,287
PROFIT / (LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION 83,688 92,287
Taxation - -
PROFIT / (LOSS) ON ORDINARY
ACTIVITIES AFTER TAXATION 83,688 92,287
Earnings / (Loss) per Share 4.24p 4.67p
CONSOLIDATED BALANCE SHEET
Six months Six months
ended
ended
30-Sep-09 30-Sep-08
Unaudited Unaudited
FIXED ASSETS
Tangible Assets 5,844 2,055
5,844 2,055
CURRENT ASSETS
Debtors 131,150 240,574
Cash in Hand and in Bank 509,672 224,869
Other Assets 42,570 -
683,392 465,442
CREDITORS
Amount falling due < one year -207,492 -279,091
-207,492 -279,091
NET CURRENT ASSETS 475,900 186,351
TOTAL ASSETS LESS CURRENT 481,744 188,406
LIABILITIES
NET ASSETS 481,744 188,406
CAPITAL AND RESERVES
Called up share capital 197,597 197,597
Merger reserve 284,147 -9,191
SHAREHOLDERS' FUNDS 481,744 188,406
Contact: Leon de Costa, Chief Executive Officer on 020 7336 8403
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396