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Yorklyde PLC (YKLD)

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Thursday 06 September, 2001

Yorklyde PLC

Interim Results-Amendment

Yorklyde PLC
6 September 2001


The issuer has made the following amendment to the Interim Results
announcement released today at 07:01 under RNS No 5299J.

Amendment to announcement, RNS number 5299J: 

The title should read 'Interim Results for the six months ended 31st July
2001', not 31st January 2001 as previously stated.  The following is a full
and corrected version of the announcement.


                           Yorklyde plc
    Interim results for the six months ended 31st July 2001


Yorklyde  plc, a manufacturer of high value cloth and  accessories
for the luxury goods sector and high specification fabrics for use
in the transport industry, today announced its interim results:

Highlights:

*  Turnover  of the continuing businesses increased marginally  to
   £11.00m (H1 2000: £10.68m)
*  Profits  before  tax of the continuing businesses  of  £604,000
   (2000: £536,000)
*  Earnings per share of the continuing businesses were 5.8p (2000:
   5.0p)
*  Interim dividend maintained at 1.25p (2000: 1.25p)
*  Reasonably high level of activity throughout all divisions  and
   increased interest in the range for the new season
*  Fashion continues to favour colour and the British Look to  the
   Group's benefit
*  The successful disposal of Westcountry Clothing for £314,000 in
   the first half enabling the Group to focus on core activities

Commenting on the results, Charles Brook, Chairman, said:

'The  Group's second half tends to be more difficult  due  to  the
seasonality  of  our apparel business but the order  book  overall
remains encouragingly firm.

'Generally,  therefore, we remain cautiously  optimistic  for  the
remainder  of the year, despite the possible adverse effect  of  a
worldwide reduction in economic activity.'

For further information, please contact:

Yorklyde plc                 6th September 2001:     020 7324 8888
Charles Brook, Chairman              Thereafter:     01484 683 611

Golin/Harris Ludgate                                 020 7324 8888
Reg Hoare/Katie Hunt                                 07884 494 112
                                 
                       CHAIRMAN'S STATEMENT
                                                                  
                                                                  
Overview

As  indicated at the AGM in June we have continued to benefit from
a  reasonably high level of activity throughout all our  divisions
and  having  completed, in May 2001, the disposal  of  Westcountry
Clothing to a management buyout team for £314,000, we are now able
to focus management and financial resources on developing the core
profitable operations.


Results

Turnover of the continuing businesses, for the six months to  31st
July  2001,  has marginally increased to £11.00m (2000 -  £10.68m)
resulting  in interim profits before tax of continuing  businesses
of  £604,000 (2000 - £536,000).  Earnings per share of  continuing
businesses  were  5.8p  (2000: 5.0p).  After  deducting  operating
losses relating to Westcountry Clothing's final months as part  of
the Group, profits before tax were £307,000 (2000 - £343,000) with
earnings per share being 2.9p (2000 - 3.2p).


Dividend

The  Board  has  approved an interim dividend of 1.25p  per  share
(2000 - 1.25p per share) which is payable on 3rd December 2001  to
those shareholders on the register at the close of business on 2nd
November 2001.


Outlook

Whilst  we  are generally pleased with the Group's performance  in
the  year  to date, the recent uncertainty arising from the  well-
publicised  downturn in global economic activity is  a  cause  for
concern and we have already noticed a reduction in our business in
the  United States (a region that represents around 20%  of  total
sales).  However, with the continuing return to colour and design,
that  began to benefit us last year, it is anticipated that  there
will be an increased interest in the Group's range of products for
the  new  season.  If this results in an improved order  book  for
next year it should benefit the Group's results in 2002.

The  Group's  second half tends to be more difficult  due  to  the
seasonality  of  our apparel business but the order  book  overall
remains encouragingly firm.  In addition, we believe that there is
an  opportunity to increase the turnover and profitability of  our
Replin  Fabrics  division,  which  is  not  a  seasonal  business.
Generally,  therefore,  we remain cautiously  optimistic  for  the
remainder  of the year, despite the possible adverse effect  of  a
worldwide reduction in economic activity.

Charles A Brook
Chairman

6th September 2001


Consolidated Profit & Loss Account
For the six months ended 31st July 2001
___________________________________________________________________________
                    Six months ended    Six months ended         Year ended
                      31st July 2001      31st July 2000  31st January 2001
                               £'000               £'000              £'000
___________________________________________________________________________
Turnover
Continuing businesses         11,044              10,683             20,773
Westcountry Clothing              82                 302              1,144
                              11,126              10,985             21,917
Operating costs before
 exceptional items            10,738              10,426             21,655
                             -------             -------            -------
Group operating profit/(loss)
 before exceptional items
Continuing businesses            685                 752                714
Westcountry Clothing            (297)               (193)              (452)
                                 388                 559                262
Exceptional items
Continuing businesses              -                (125)              (129)
Westcountry Clothing               -                   -               (600)
                                   -                (125)              (729)
                             -------             -------            -------

Group operating profit/(loss)
Continuing businesses            685                 627                585
Westcountry Clothing            (297)               (193)            (1,052)
                                 388                 434               (467)
Interest payable                 (81)                (91)              (159)
                             -------             -------            -------
Profit before taxation           307                 343               (626)
Taxation                           -                   -                (74)
                             -------             -------            -------
Profit attributable to members   307                 343               (552)
Dividends                        130                 130                301
                             -------             -------            -------
Retained profit                  177                 213               (853)
                             -------             -------            -------
Earnings per Ordinary Share of
 continuing businesses           5.8p                5.0p               3.0p
Earnings per Ordinary Share      2.8p                3.2p              (5.2)p
                             -------             -------            -------

Consolidated Balance Sheet
At 31st July 2001
_________________________________________________________________________
                                As at            As at              As at
                       31st July 2001   31st July 2000  31st January 2001
                                £'000            £'000              £'000
_________________________________________________________________________
Fixed assets
Intangible assets                 277              338                284
Tangible assets                 8,884           10,014              8,924
                                9,161           10,352              9,208
                              -------          -------            -------

Current assets
Stocks                          7,569            8,079              6,890
Debtors                         5,961            5,749              3,700
Cash at bank and in hand           17               21                 19
                               13,547           13,849             10,609
                              -------          -------            -------

Creditors - amounts falling due
 within one year

Trade and other creditors       6,892            7,400              4,123
Dividend                          130              130                183
                                7,022            7,530              4,306
                              -------          -------            -------
Net current assets              6,525            6,319              6,303
                              -------          -------            -------

Total assets less current
 liabilities                   15,686           16,671             15,511
                              -------          -------            -------
Creditors - amounts falling due
 after more than one year
Deferred income -
 government grants                168              189                170

Provision for liabilities 
 and charges
Deferred taxation                  23               97                 23
                              -------          -------            -------
Total assets less liabilities  15,495           16,385             15,318
                              -------          -------            -------

Capital and reserves
Called-up share capital         1,044            1,044              1,044
Share premium account           2,721            2,721              2,721
Capital redemption reserve         80               80                 80
Profit and loss account        11,650           12,540             11,473
                              -------          -------            -------
                               15,495           16,385             15,318
                              -------          -------            -------


Consolidated Cash Flow
For the six months ended 31st July 2001
____________________________________________________________________________
                     Six months ended    Six months ended         Year ended
                       31st July 2001      31st July 2000  31st January 2001
                                £'000               £'000              £'000
____________________________________________________________________________
Operating activities
Net cash (outflow)/inflow
 from operating activities     (2,050)             (1,038)             2,215
                              -------             -------            -------
Returns on investments and 
 servicing of finance
Interest paid                     (52)                (63)              (159)
                              -------             -------            -------
Taxation
Corporation tax                     -                   -                  -
                              -------             -------            -------
Net cash (outflow)/inflow 
 before capital
 expenditure and acquisitions  (2,102)             (1,101)             2,056
                              -------             -------            -------
Capital expenditure
Purchase of tangible
 fixed assets                    (462)               (532)            (1,042)
Sale of tangible fixed assets      50                  35                801
Net cash outflow from
 capital expenditure             (412)               (497)              (241)
                              -------             -------            -------
Acquisitions
Purchase of subsidiary
 undertaking                        -                (331)              (331)
Net overdraft acquired with
 subsidiary undertaking             -                (199)              (199)
                                    -                (530)              (530)
                              -------             -------            -------
Equity dividends paid            (183)               (157)              (287)
                              -------             -------            -------
Financing
Repurchase of ordinary
 share capital                      -                (378)              (378)
                              -------             -------            -------
(Decrease)/increase in cash    (2,697)             (2,663)               620
                              -------             -------            -------

Note:

In May 2001 the Group completed the sale of the Westcountry Clothing
division for £314,000 of which 50% was paid on completion with the
balance due in November 2001.

Notes:

1.   The interim financial information has been prepared on the
basis of the accounting policies set out in the Group's 2001
statutory accounts.

2.   Other than the results for the year to 31st January 2001 the
financial information included in the interim report is unaudited.
The figures for the year ended 31st January 2001 are taken from
accounts filed with the Registrar of Companies.  The Auditor's
report on the 2001 accounts was unqualified.

3.   Total dividend for the financial year ended 31st January 2001
was 3.0p per share.

4.   The calculation of Earnings per Ordinary Share is based on
10,439,788 (2000 - 10,738,819) ordinary shares, being the weighted
average number of ordinary shares in issue during the period.

5.   A copy of these results will be sent to shareholders on 28th
September 2001.

6.   Copies of the Interim Report will be available from the
Company Secretary, Moorbrook Mills, New Mill, Holmfirth, HD9 1JZ
after 28th September 2001.



                                                                                
                                                                      

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