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INVESTOR RELATIONS

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Unaudited Interim Results for the six months ended 30 June 2018

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STM Group Plc (AIM: STM), the multi-jurisdictional financial services group, is pleased to announce its unaudited interim results for the six months ended 30 June 2018.

CONSOLIDATED CASH FLOW STATEMENT
for the period from 1 January 2018 to 30 June 2018
  Unaudited
30 June
2018
£'000
Unaudited
30 June
2017
£'000
Audited
31 December
2017
£'000
Operating Activities      
Profit for the period/year before tax  2,127  2,423 4,025
Adjustments for:      
Depreciation and amortisation  202  251  478
Loss on sale of fixed asset ––  9 ––
Taxation paid (545) (19) (54)
Foreign exchange loss 25 –– 16
Unrealised gain on investments –– (7) (10)
Share based payments 29 28 55
Increase/(decrease) in trade and other receivables  946  901 (414)
(Increase)/decrease in accrued income (31)  213  324
(Increase)/decrease in trade and other payables (124)  291 (456)
Movement in provisions (7) –– ––
       
Net cash from operating activities 2,622 4,090 3,964
       
Investing activities      
Disposal of investments  2 –– 4,950
Acquisition of property, plant and equipment (44) (340) (617)
Consideration paid on acquisition (800) –– (800)
Cash acquired on acquisition  302 –– ––
Treasury share purchase (56) (51) ––
Increase in intangible assets (83) (88) (84)
Purchase of investments –– (250) ––
       
Net cash used in investing activities (679) (729) 3,449
       
Cash flows from financing activities      
Bank loan repayment (825) –– ––
Treasury shares sold/purchased –– –– 25
Dividends paid (713) (594) (951)
       
Net cash from financing activities (1,538) (594) (926)
       
Increase in cash and cash equivalents 405 2,767 6,487
       
Reconciliation of net cash flow to movement in net funds      
Analysis of cash and cash equivalents during the period/year      
Increase in cash and cash equivalents  405  2,767 6,487
Translation of foreign operations (5) 35 7
Balance at start of period/year 18,363 11,869 11,869
Balance at end of period/year 18,763 14,671 18,363

 

Page last up-dated: 11 September 2018

 

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