FOR IMMEDIATE RELEASE 24 December 2008
JUDICIUM PLC
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008
Judicium plc is pleased to announce its interim, unaudited, results for the six
months ended 30 September 2008.
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, health and safety, data
protection and trademarks.
Despite difficult trading circumstances the Directors are pleased to report a
profit on ordinary activities before taxation, in the six months to 30
September 2007, of £92,287 against a figure of £107,649 for the entirety of the
previous 12 months.
The directors anticipate that trading conditions will continue to deteriorate
in the second half of the current year and all through next year. This is
likely to be reflected in a reduction of new sales and a deterioration of
credit among the client base. The company will also incur exeptional one-off
expenses when it moves premises in the first quarter of the next calender year.
While these factors will severly reduce second half profitability, the
directors remain of the view that given first half performance, a robust
business model and tight credit control, profits in the current financial year
will be significantly higher than for the same period last year.
The board is not recommending the payment of a dividend in respect of the six
months ended 30 September 2008.
CONSOLIDATED PROFIT & LOSS
Six months Six months
ended ended
30-Sep-08 30-Sep-07
Unaudited Unaudited
Turnover 722,088.54 613,545.00
Cost of Sales -130,195.34 -115,043.00
Gross Profit 591,893.20 498,502.00
Administrative Expenses -502,816.25 -498,184.00
OPERATING PROFIT / (LOSS) 89,076.95 318.00
Investment Income 3,210.54 850.00
92,287.49 1,168.00
Interest Payable -
PROFIT / (LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION 92,287.49 1,168.00
Taxation - -
PROFIT / (LOSS) ON ORDINARY
ACTIVITIES AFTER TAXATION 92,287.49 1,168.00
Earnings / (Loss) per Share 4.67p .06p
PROFIT/(LOSS) PER SHARE
Earnings per share for the group is based on a profit for the period of
GBP92,287.49 and 1,957,967 shares in issue.
Contact: Leon de Costa, Chief Executive Officer on 020 7336 8403
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396