Global Auto-Trade Group PLC
Global Auto-Trade Group PLC: Half Year Report
Announcement Global Auto-Trade Group Plс Half Year Report “GATG” or “the Company” August 7, 2015 Global Auto-Trade Group Plc. today announces the publishing of its half-year 2015 financial statements. Global Auto-Trade Group Plc. today announces publication of its Semi Annual Financial Management Report for the period ended 30 June 2015 in timely manner, as required. The report includes interim consolidated financial statements of the Company, comprising of consolidated statement of financial position, consolidated statement of income, changes in equity and cash flow statement. In H1/2015, main focus of GATG was concentrated on the increasing of operational efficiency and retention of the local market positions. The financial results of H1/2015 present a natural picture for operational activity without external financing during first half of the year. We usually see the more substantial sales activities in H2 of each year, thus expect to demonstrate much higher sales results in the end of the year, that as expected will be strengthened by the new tenders and replenished working capital from capital raising activity. Should be noted, that since operational activity of the company is concentrated on CIS market, GATG was forced to pass much higher requirements of EU regulators, that significantly affected our investment activity and delayed process of Prospectus approving. Nevertheless, GATG successfully overcame all difficulties and fulfilled all additional requirements, and now is at the final stage of Prospectus approving with the Danish FSA, that expect to complete in autumn. In the light of the recent development of GXG Markets and solution to make re-listing on CISE market, Global Auto-Trade Group, would like to inform that following to our shareholders value strategy, listing on CISE would not be our ultimate listing goal. GATG are working on advancing to have its shares traded on a more liquid market to enable its shareholders to take advantage of the electronic share infrastructure and increase shareholders value. The timeline on that cannot be guaranteed whatsoever, but the idea is to accomplish this with 2015. However, GATG is grateful that GXG have sought solution to ensure trading in the company’s securities continues with minimum disruption to shareholders. In detail, the report presents the following results: INTERIM CONSOLIDATED INCOME STATEMENT
INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION
INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
The full Half-Year Report is published in hard copy format and is also available for download on the Company’s website www.globalautotg.com. Please click on the following link to view the document directly: http://www.globalautotg.com/en/financial-reports/ The Company has submitted a pdf of its Half-Year Report to the GXG and it will shortly be available for review at Enquiries: Global Auto-trade Group PLC The Directors of the Company accept responsibility for this announcement. About Global Auto-Trade Group Plc End of Media Release Issuer: Global Auto-Trade Group PLC Key word(s): Enterprise 2015-08-07 Dissemination of a Press Release, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Global Auto-Trade Group PLC | |
12 Mount Havelock | ||
IM1 2QG Douglas | ||
Isle of Man | ||
Phone: | +44 (0)1624 618444 | |
Fax: | +44 (0)1624 618555 | |
E-mail: | ir@globalautotg.com | |
Internet: | www.globalautotg.com | |
ISIN: | IM00B6R6T382 | |
Listed: | Foreign Exchange(s) GXG | |
End of News | EquityStory.RS, LLC-Media |
384783 2015-08-07 |