Annual and Interim Reports

Latest Financial Highlights - Interim Results 6 months ended 30 September 2009

• £18.0m Bank Facilities renewed for a two year term, with permitted finance lease funding capacity of a further £3m
• New £8.0m convertible loan facility established (of which £6m is committed and £3m has been drawn down to date)
• Net Debt reduced by 36.5% to £17.2m (30 Sept 2008 £27.1m)
• Revenue from Continuing Operations decreased by 25.9% to £49.3m (H1 08/09 £66.5m)
• Selling, distribution and administrative costs of Continuing Operations decreased by £5.8m to £25.6m (H1 08/09 £31.4m) through cost reduction programme, despite expensed bid costs of £1.2m (H1 08/09 £0.4m)
• Adjusted EBITDA* from Continuing Operations £1.2m loss (H1 08/09 £2.6m profit)
• Operating loss £6.2m (H1 08/09 £1.5m) includes £1.5m (H1 08/09 £nil) goodwill impairment charge
• Net Finance costs increased by £0.9m to £2.2m (H1 08/09 £1.3m) due to accelerated write off of costs associated with previous refinancing
• Telecoms and Mobile businesses sold on 28 August 2009 for cash consideration of £16.5m. Profit on disposal £0.9m. Profit before taxation up to date of disposal £0.2m
• Basic loss per share increased to 5.59p (H1 08/09: 1.41p)

*Before net finance costs, tax, depreciation, amortisation, exceptional items and share based payment charges from Continuing Operations.

Please click on the title to view each document.

2009 REPORTS

Interim Results 6 months ended 30 September 2009
Annual Report year ended 31 March 2009

2008 REPORTS

Interim Results 6 months ended 30 September 2008
Annual Report year ended 31 March 2008

2007 REPORTS

Interim Results 6 months ended 30 September 2007
Annual Report year ended 31 March 2007

2006 REPORTS

Interim Results 6 months ended 30 September 2006  
Annual Report year ended 31 March 2006

2005 REPORTS

Interim Results 6 months ended 30 September 2005
Annual Report year ended 31 March 2005

2004 REPORTS

Interim Results 6 months ended 30 September 2004
Annual Report year ended 31 March 2004

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If you are unable to find the information that you require please contact Redstone’s financial public relations team at ICIS, on 0207 651 8688 or email fiona.conroy@icisnet.com

Please be aware that ICIS and Redstone plc are not able to give investment advice of any kind. Any enquiries of this nature should be made to an FSA regulated stock broker or financial advisor. 

*before interest, tax, depreciation, amortisation, exceptional items and stock compensation charge.
** before amortisation of intangibles, exceptional items and stock compensation charge.