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INVESTOR RELATIONS

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Unaudited Interim Results for the six months ended 30 June 2017

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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 2017.

CONSOLIDATED CASH FLOW STATEMENT
for the period from 1 January 2017 to 30 June 2017
  Unaudited
30 June
2017
  £'000
Unaudited
30 June
  2016
£'000
Audited
31 December
2016
£'000
Reconciliation of profit before tax to net cash flow from operating activities      
Profit for the period/year before tax 2,423 1,210 2,755
Adjustments for:      
Depreciation and amortisation
Loss on Sale of Fixed Asset
251
9
110
––
262
11
Taxation paid (19) (199) (583)
Unrealised gain in investments (7) –– (291)
Share based payments 28 –– 34
Decrease/(increase) in trade and other receivables 901 969 (472)
Decrease in accrued income 213 356 595
Increase/(decrease) in trade and other payables 291   (174)   (1,154)
       
Net cash from operating activities 4,090 2,272 1,157
Investing activities      
Acquisition of property, plant and equipment (340) (89) (204)
Consideration paid on acquisition –– ––   (4,235)
Cash acquired on acquisition –– –– 5,018
Acquisition of treasury shares (51) (25) (45)
Increase in intangibles (88) (57) (113)
Acquisition of investments (250) (56) ––
       
Net cash used in investing activities (729) (227) 421
Cash flows from financing activities      
Bank loan –– –– 3,300
Loan note repayments –– (300) (300)
Dividends paid (594) (535) (832)
       
Net cash from financing activities (594) (835) 2,168
       
Increase in cash and cash equivalents 2,767 1,210 3,746
       
Reconciliation of net cash flow to movement in net funds      
Analysis of cash and cash equivalents during the period/year      
Balance at start of period/year 11,869 8,036 8,036
Translation of foreign operations 35 35 87
Increase in cash and cash equivalents 2,767 1,210 3,746
Balance at end of period/year 14,671 9,281 11,869

 

Page last up-dated: 12 September 2017

 

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