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SpaceandPeople PLC - Interim results

RNS Number : 9872B
SpaceandPeople PLC
16 October 2020
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

16 October 2020

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

 

Interim Results for the 6 months to 30 June 2020

 

SpaceandPeople (AIM:SAL), the retail, promotional and brand experience specialist which facilitates and manages the sale of promotional and retail merchandising space in shopping centres and other high footfall venues, announces interim results for the six months ended 30 June 2020.

 

 

 

Contact details:

  SpaceandPeople Plc

0845 241 8215

   Nancy Cullen, Gregor Dunlay

 

Zeus Capital Limited (Nominated Adviser and Broker)

0203 829 5000

David Foreman, Jamie Peel, Rishi Majithia

 

 

 

Chief Executive's Interim Operating Statement

As you would expect, 2020 has been a very challenging year for the Group so far. The Covid-19 pandemic has impacted all areas of our business in every territory we operate. The challenge to our staff, clients, promoters and operators has been enormous and I am extremely grateful to them all for their help, resilience and understanding. I would have liked for my first report as CEO to have been during more normal times, however, I am proud of how the Group has coped with the challenges it has faced and I look forward to better times in the future.

Trading during the period

Prior to lockdown, trading in the UK and Germany had been going to plan and we were looking forward to a successful 2020. However, the period of lockdown from mid-March until the summer and the continuing restrictions and economic climate have had a profound effect on our key territories of the UK and Germany.

During lockdown, almost all of our activities had to stop and as a result, all bookings for that period were cancelled or postponed. For three months, we recorded virtually no revenue. Additionally, for revenue that had already been recognised for confirmed bookings, significant credits had to be raised and provisions of £464k made in relation to possible cancellations of existing promotional bookings in the UK. This led to a substantial decrease in revenue across the Group and significant losses in the first half of 2020.

This put considerable strain on the existing cash reserves of the business, however, we have been able to stabilise and underpin our position by utilising the UK Government backed CBIL Scheme to borrow an additional £1 million as well as salary support schemes in both the UK and Germany. The effect of this has been that we continue to function as normal and meet our commitments as they become due, while still having significant cash headroom in the business. Unfortunately, we also had to take the decision to rationalise and reshape the business to cope with the immediate and anticipated medium term reduction in trade. As a result, we had to make a number of redundancies, predominantly in the UK. This is particularly upsetting as a number of these people had been with the business for many years. We have also made significant savings in office rents with a move to smaller and less expensive, although more suitable and attractive accommodation in Glasgow, and other overheads as we have looked to reduce costs wherever appropriate.

The Board also took the unprecedented step of cancelling the final dividend for 2019. I am very grateful for the messages of support that we had from shareholders supporting this decision. We have always been a business that likes to pay dividends and we will aim to reintroduce them as soon as it is prudent for us to do so.

Emerging from lockdown

Germany began to emerge from lockdown before the UK and after a few months of rebuilding trade, we are now almost back to normal levels of trading in Germany in each month. However, confidence among some operators remains fragile and we are working hard to rebuild this before the important Christmas trading period begins.

In the UK, we have been emerging from lockdown in stages. The first of our main venues to reopen were retail parks in June, followed by shopping centres a few weeks later. Since then, the majority of our trade has been in retail bookings as brand experience and customer acquisition business has remained difficult to implement. Restrictions on media budgets and nervousness about running activations whilst social distancing needs to be maintained has led to activity cancellation and has had a strong depressive effect on the brand business. We have, however, successfully retained good levels of retail business driven by the demand for short-term pop-up style activity which can operate without long term commitment and we have focussed our sales resource to selling key products and services that are relevant to the current market.

The one major venue type that remained closed for the majority of bookings was railway stations, but I am happy to advise that we have now restarted booking in selected stations with promoters showing interest in resuming their business. The fact that we are not solely focused on one venue type has been crucial in restarting the business and we continue to look to diversify our venue portfolio further.

We have also launched a new initiative called "Revive" which specifically targets occupation of vacant retail shops with local, online and new-to-market retailers. There is real demand for this from property owners and we have successfully delivered our first bookings.

Outlook

As I write this, Covid-19 cases in the UK are on the rise again and local restrictions are being put in place in many areas of the country. Our industry is slowly recovering, but is by no means back to normal. When we forecast the outlook for our business earlier this year, we assumed scenarios where there were further lockdowns. Although this would be extremely unwelcome news for us, we are confident that we will be able to trade through such events and emerge in a position to take advantage of the recovery. We have good cash headroom, are streamlined and very focused on achieving results and seeing the grass roots of recovery in bookings from 2021 onwards.

Finally, it was announced recently that my co-founder of the business and previous CEO, Matthew Bending, has retired from the business. I would like personally to thank Matt for leading the business for the past 20 years and for all the effort he put in to developing the idea of commercialisation into what it has become. I wish him well for the future.

 

 

 

Nancy Cullen

15 October 2020

 

 

Independent Review Report to SpaceandPeople plc

 

Introduction

 

We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2020 which comprises, the consolidated statement of comprehensive income, the consolidated statement of financial position, the consolidated statement of cash flows, the consolidated statement of changes in equity and the related explanatory notes. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

 

This report is made solely to the company in accordance with the terms of our engagement. Our review has been undertaken so that we might state to the company those matters we are required to state to it in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our review work, for this report, or for the conclusions we have reached.

 

Directors' Responsibilities

 

The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly financial report in accordance with the AIM Rules for Companies.

 

As disclosed in note 2, the annual financial statements of the group are prepared in accordance with IFRSs as adopted by the European Union. The condensed set of financial statements included in this half-yearly financial report has been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting, as adopted by the European Union.

 

Our Responsibility

 

Our responsibility is to express to the Company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review.

 

Scope of review

 

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

 

Conclusion

 

Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the six months ended 30 June 2020 is not prepared, in all material respects, in accordance with International Accounting Standard 34 as adopted by the European Union and the AIM Rules for Companies.

 

 

 

 

 

 

 

Azets Audit Services

Chartered Accountants

Statutory Auditors

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

 

Date:  15 October2020

 

 

 

 

Consolidated Group Statement of Comprehensive Income

For the 6 months ended 30 June 2020

 

 

               

Notes

 

6 months to   30 June '20

 

(Unaudited)

£'000

 

6 months to 30 June '19

as restated

(Unaudited)

£'000

 

12 months to

31 December '19

 

(Audited)

£'000

 

 

 

 

 

 

 

 

Revenue

4

 

1,075

 

3,785

 

7,735

 

 

 

 

 

 

 

 

Cost of sales

 

 

(829)

 

(1,410)

 

(2,865)

 

Gross profit

 

Administration expenses

 

 

 

246

 

(1,914)

 

 

2,375

 

(2,481)

 

 

4,870

 

(4,955)

Other operating income

 

 

44

 

98

 

175

 

 

 

 

 

 

 

 

Operating (loss) / profit before non-recurring costs

 

 

(1,624)

 

(8)

 

90

 

 

 

 

 

 

 

 

Non-recurring costs

5

 

(497)

 

-

 

-

 

Operating (loss) / profit

 

 

 

 

(2,121)

 

 

(8)

 

 

90

Finance income

Finance costs

 

 

5

(14)

 

3

(9)

 

4

(23)

 

 

 

 

 

 

 

 

(Loss) / profit before taxation

 

 

(2,130)

 

(14)

 

71

 

 

 

 

 

 

 

 

Taxation

 

 

-

 

-

 

(21)

 

 

 

 

 

 

 

 

Loss after taxation

 

Other comprehensive income

 

 

(2,130)

 

(14)

 

50

Foreign exchange differences on translation of foreign operations

 

 

3

 

10

 

(21)

Total comprehensive income for the period

 

 

(2,127)

 

(4)

 

29

                 

 

Loss attributable to:

 

 

 

 

 

 

 

Owners of the Company

Non-controlling interests

 

 

(1,892)

(238)

 

(1)

(13)

 

68

(18)

 

 

 

(2,130)

 

(14)

 

50

                 

 

Total comprehensive income for the period attributable to:

 

 

 

 

 

 

 

Owners of the Company

Non-controlling interests

 

 

(1,889)

(238)

 

9

(13)

 

47

(18)

 

 

 

(2,127)

 

(4)

 

29

                 

 

Earnings per share

14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic - Before non-recurring costs

Basic - After non-recurring costs

Diluted - Before non-recurring costs

Diluted - After non-recurring costs

 

 

(8.3)p

(9.7)p

(7.6)p

(8.8)p

 

(0.0)p

(0.0)p

(0.0)p

(0.0)p

 

0.4p

0.4p

0.3p

0.3p

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Group Statement of Financial Position

At 30 June 2020

 

 

Notes

 

30 June '20

 

(Unaudited)

£'000

 

30 June '19

as restated

(Unaudited)

£'000

 

31 December '19

 

 (Audited)

£'000

Assets

 

 

 

 

 

 

 

Non-current assets:

 

 

 

 

 

 

 

Goodwill

7

 

7,981

 

7,981

 

7,981

Other intangible assets

8

 

-

 

1

 

-

Property, plant & equipment

9

 

940

 

934

 

894

 

 

 

8,921

 

8,916

 

8,875

Current assets:

 

 

 

 

 

 

 

Trade & other receivables

 

 

1,486

 

3,469

 

3,428

Cash & cash equivalents

10

 

1,729

 

1,056

 

1,227

 

 

 

3,215

 

4,525

 

4,655

 

 

 

 

 

 

 

 

Total assets

 

 

12,136

 

13,441

 

13,530

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Trade & other payables

 

 

2,825

 

3,423

 

3,259

Current tax payable / (receivable)

 

 

138

 

42

 

82

 

 

 

2,963

 

3,465

 

3,341

Non-current liabilities:

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

(3)

 

101

 

(3)

Lease liabilities

 

 

271

 

126

 

160

Long term loans

11

 

1,750

 

500

 

750

 

 

 

2,018

 

727

 

907

 

 

 

 

 

 

 

 

Total liabilities

 

 

4,981

 

4,192

 

4,248

 

 

 

 

 

 

 

 

 

Net assets

 

 

7,155

 

9,249

 

9,282

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

Share capital

13

 

195

 

195

 

195

Share premium

 

 

4,868

 

4,868

 

4,868

Special reserve

 

 

233

 

233

 

233

Retained earnings

 

 

1,882

 

3,733

 

3,771

 

 

 

 

 

 

 

 

Equity attributable to owners of the Company

 

 

7,178

 

9,029

 

9,067

Non-controlling Interest

 

 

(23)

 

220

 

215

Total equity

 

 

7,155

 

9,249

 

9,282

 

 

 

Consolidated Group Statement of Cash Flows

For the 6 months ended 30 June 2020

 

 

Notes

 

6 months to   30 June '20

 

(Unaudited)

£'000

 

6 months to   30 June '19

as restated

(Unaudited)

£'000

 

12 months to

31 December '19

 

(Audited)

£'000

Cash flow from operating activities

 

 

 

 

 

 

 

Cash inflow / (outflow) from operations

 

 

(387)

 

9

 

252

Interest received

 

 

5

 

3

 

4

Interest paid

 

 

(14)

 

(9)

 

(23)

Taxation

 

 

56

 

(176)

 

(262)

Net cash (outflow) from operating activities

 

 

(340)

 

(173)

 

(29)

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

Purchase of intangible assets

 

 

-

 

-

 

(1)

Purchase of property, plant & equipment

9

 

(21)

 

(16)

 

(47)

Net cash outflow from investing activities

 

 

(21)

 

(16)

 

(48)

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

Bank loans drawn

11

 

1,000

 

500

 

750

Payment of finance lease obligations

 

 

(137)

 

-

 

(191)

Dividends paid

12

 

-

 

(98)

 

(98)

Net cash inflow / (outflow) from financing activities

 

 

863

 

402

 

461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase / (decrease) in cash and cash equivalents

 

 

502

 

213

 

384

Cash at beginning of period

 

 

1,227

 

843

 

843

Cash at end of period

10

 

1,729

 

1,056

 

1,227

 

 

Reconciliation of operating profit to net cash flow from operating activities

 

 

 

 

 

 

 

Operating loss

 

 

(2,121)

 

(8)

 

90

Amortisation of intangible assets

 

 

-

 

3

 

5

Depreciation of property, plant & equipment

 

 

219

 

194

 

551

Effect of foreign exchange rate moves

 

 

8

 

10

 

(13)

Decrease in receivables

 

 

1,942

 

84

 

125

Decrease in payables

 

 

(435)

 

(274)

 

(506)

Cash flow from operating activities

 

 

(387)

 

9

 

252

 

 

 

 

Consolidated Group Statement of Changes in Equity

For the 6 months ended 30 June 2020

 

 

6 months to 30 June '20

Share capital

 

£'000

 

Share premium

 

£'000

 

Special reserve 

 

£'000

 

Retained earnings

 

£'000

 

Non-controlling

Interest

£'000

 

Total equity

 

£'000

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January '20

195

 

4,868

 

233

 

3,771

 

215

 

9,282

Foreign currency translation

          -

 

-

 

-

 

3

 

-

 

3

Loss for the period

          -

 

-

 

-

 

(1,892)

 

(238)

 

(2,130)

At 30 June '20

195

 

4,868

 

233

 

1,882

 

(23)

 

7,155

 

 

 

6 months to 30 June '19

Share capital

 

£'000

 

Share premium

 

£'000

 

Special reserve 

 

£'000

 

Retained earnings

 

£'000

 

Non-controlling

Interest

£'000

 

Total equity

 

£'000

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January '19 as originally stated for interim to 30/6/2019

Prior period adjustment

Restated total equity at 1 January '19

195

 

-

195

 

4,868

 

-

4,868

 

233

 

-

233

 

3,726

 

96

3,822

 

233

 

-

233

 

9,255

 

96

9,351

Foreign currency translation

-

 

-

 

-

 

10

 

-

 

10

Dividends

-

 

-

 

-

 

(98)

 

-

 

(98)

Loss for the period

-

 

-

 

-

 

(1)

 

(13)

 

(14)

At 30 June '19

195

 

4,868

 

233

 

3,733

 

220

 

9,249

 

 

 

12 months to 31 December '19

Share capital

 

£'000

 

Share premium

 

£'000

 

Special reserve 

 

£'000

 

Retained earnings

 

£'000

 

Non-controlling

Interest

£'000

 

Total equity

 

£'000

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January '19 as originally stated for year to 31/12/2018

Prior period adjustment

Restated total equity at 1 January '19

195

 

-

195

 

4,868

 

-

4,868

 

233

 

-

233

 

3,726

 

96

3,822

 

233

 

-

233

 

9,255

 

96

9,351

Foreign currency translation

         -

 

-

 

-

 

(21)

 

-

 

(21)

Dividends

         -

 

-

 

-

 

(98)

 

-

 

(98)

Loss for the period

          -

 

-

 

-

 

68

 

(18)

 

50

At 31 December '19

195

 

4,868

 

233

 

3,771

 

215

 

9,282

 

 

 

 

Notes to the financial statements

For the 6 months ended 30 June 2020

1.               General information

 

SpaceandPeople plc is a limited liability company incorporated and domiciled in Scotland (registered number SC212277) which is quoted on AIM (ticker: SAL).

This condensed consolidated interim financial information has been reviewed, but not audited, by the auditors, and their independent review is set out earlier in this report. It does not constitute statutory accounts as defined by Section 434 of the Companies Act 2006. The financial information for the 12 months to 31 December 2019 has been extracted from the statutory accounts for that period. These published accounts were reported on by the auditors without qualification or an emphasis of matter reference, and did not include a statement under section 498 of the Companies Act 2006, and have been delivered to the Registrar of Companies.

 

This condensed consolidated interim financial information was approved by the board on 15 October 2020.  

 

2.               Basis of preparation

 

This condensed consolidated interim financial information for the 6 months ended 30 June 2020 has been prepared in accordance with IAS 34 'Interim financial reporting'. The condensed consolidated interim financial information should be read in conjunction with the financial statements of the Group for the period ending 31 December 2019 which were prepared on a going concern basis under the historical cost convention in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union, and those parts of the Companies Act 2006 applicable to companies reporting under IFRS.

 

3.                Accounting policies

 

The accounting policies adopted in the preparation of the condensed consolidated interim financial information are consistent with those applied in the financial statements of the Group for the year ended 31 December 2019.

 

A reclassification of right of use assets and lease obligations arising from the application of IFRS 16 has been reported within the comparative 6 month period to 30 June 2019. There is no impact on the previously reported profit or equity as a result of the reclassification.

 

Going Concern

 

Given the current and ongoing COVID-19 pandemic and  the effect that it has had on the business, the Directors feel that it is appropriate for specific mention to be made in these Interim Results.

 

As disclosed in the 2019 Financial Statements, the Group had ensured that it had sufficient liquidity as a result of utilising the CBIL and Job Retention schemes as well as carrying out an overhead reduction plan and agreeing payment plans with HMRC and cancelling the final dividend. This has helped the Group manage the financial implications of the pandemic well and cash reserves are better than had been anticipated at this time.

 

The majority of the Group's clients are now conducting business with us again and given the reduced running costs of the Group and the current cash position, the financial projections beyond October 2020 demonstrate that the Group is able to operate within its current funding arrangements for the foreseeable future. Although the Directors cannot foresee all possible circumstances that may affect the Group in the future, they believe that, taking account of the forecasts, future plans and available cash resources, the Group will have sufficient resources to meet its financial commitments as they fall due.

 

As such, the Directors consider that it is appropriate to prepare the financial statements on a going concern basis.

 

 

4.               Segmental reporting

 

The Group maintains its head office in Glasgow and an office in Hamburg, Germany. These are reported separately. The Group operates both Promotional Sales and Retail businesses in both the UK and Germany. The Group has determined that these are the principal operating segments as the performance of these segments is monitored separately and reviewed by the board.

 

The following table presents revenue and profit and loss information regarding the Group's two business segments - Promotional Sales and Retail, split by geographic area. Other segment represents the Groups investments in SpaceandPeople India.

 

Promotions

UK

 

£'000

Promotions Germany

 

£'000

Retail

 UK

 

£'000

Retail

Germany

 

£'000

Head

Office

 

£'000

Other

 

 

£'000

Group

 

 

£'000

6 months to

30 June '20

 

 

 

 

 

 

 

Revenue

9

64

584

418

-

-

1,075

Segment loss before tax

(799)

(63)

(18)

(275)

(465)

(510)

(2,130)

 

 

 

 

 

 

 

 

6 months to

30 June '19

as restated

 

 

 

 

 

 

 

Revenue

1,790

150

1,362

471

-

12

3,785

Segment  profit/(loss) before

Tax

535

24

116

(246)

(416)

(27)

(14)

 

 

 

 

 

 

 

 

12 months to

31 December '19

 

 

 

 

 

 

 

 

 

 

Revenue

3,519

312

2,839

993

-

72

7,735

Segment  profit/(loss) before tax

1,060

83

407

(597)

(841)

(41)

71

 

 

 

 

 

 

 

 

UK promotional revenue and loss before tax in the 6 months to 30 June 2020 has been reduced by £464k as a result of a provision made for both possible and confirmed cancellations of bookings as a result of the temporary closure of venues during that period.

 

5.          Non-recurring costs

Management continued to assess the viability of the Indian business during the period. Following a review of the carrying value of assets and liabilities in S&P India Pvt Limited, debtors with the previous book value of £497k were deemed to be impaired and were written down in full. The directors consider this adjustment to be a non-recurring cost.

 

 

6.          Prior year adjustment

In the second half of 2019 a required adjustment was identified to reflect the impact of revenue under recognised as a result of a material error in the application of contract terms in the revenue calculation. This resulted in a prior period adjustment being made in the 2018 results. The 2019 adjustment included £26k in relation to the first 6 months and as such  revenue  has been increased by £26k in the six month period to 30 June 2019. The full amount of this revenue has been recovered.

7.               Goodwill

 

 

Net book value

6 months to

30 June '20

£'000

6 months to

30 June '19

£'000

12 months to

31 December '19

£'000

Opening balance

Impairment charge

7,981

-

7,981

-

7,981

-

Closing balance

7,981

7,981

7,981

 

 

 

8.               Other intangible assets

 

 

Net book value

6 months to

30 June '20

£'000

6 months to

30 June '19

£'000

12 months to

31 December '19

£'000

Opening balance

-

4

4

Additions

-

-

1

Amortisation

-

(3)

(5)

Closing balance

-

1

-

 

 

9.                Property, plant and equipment

 

Net book value

6 months to

30 June '20

£'000

6 months to

30 June '19

£'000

12 months to

31 December '19

£'000

Opening balance

894

849

    849

Additions on application of IFRS16

-

263

328

IFRS16 Lease additions

248

-

-

Additions

21

16

276

Forex

5

-

(8)

Disposals

(9)

    -

-

Depreciation

(219)

(194)

(551)

Closing balance

940

934

894

 

The right of use lease liabilities are secured against the right of use assets.

 

10.             Cash & cash equivalents

 

 

30 June '20

£'000

30 June '19

£'000

31 December '19

£'000

 

 

 

 

Cash at bank and on hand

1,729

1,056

1,227

 

1,729

1,056

1,227

 

11.            Non-current liabilities

As at 30 June 2020, SpaceandPeople had drawn down £750k (June 2019: £500k) of its agreed long-term revolving credit facility of £1 million (2019: £1 million) which is repayable by 31 October 2021. Additionally, a £1 million CBILS loan with a term of five years was drawn down as at 30 June 2020 (June 2019: £ nil). The Group also has a £250k overdraft facility that was  not drawn.

 

12.             Dividends

 

 

30 June '20

£'000

30 June '19

£'000

31 December '19

£'000

 

 

 

 

Paid during the period

-

98

98

 

 

 

 

 

13.            Called up share capital

 

Allotted, issued and fully paid

30 June '20

 

30 June '19

 

31 December '19

 

Class

Nominal value

 

 

 

 

Ordinary

1p

£

195,196

195,196

195,196

 

 

Number

19,519,563

19,519,563

19,519,563

 

 

14.             Earnings per share

 

Earnings per share has been calculated using the profit / (loss) after taxation attributable to owners of the company for the period and the weighted average number of shares in issue.

 

 

30 June '20

 

£'000

 

30 June '19

as restated

£'000

31 December '19

as restated

£'000

(Loss) / profit after tax for the period attributable to owners of the Company

(1,892)

(1)

68

 

Non-recurring items

 

273

 

-

 

-

 

 

 

 

(Loss) / profit after tax for the period before non-recurring costs attributable to owners of the Company

(1,619)

(1)

68

 

Weighted average number of shares in issue during the period

 

'000

 

'000

 

'000

-           1p ordinary shares

19,520

19,520

19,520

-           Share options

1,874

1,033

1,471

-           Diluted ordinary shares

21,394

20,553

20,991

 

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IR FFFVLIILVLII

Quick facts: SpaceandPeople PLC

Price: -

Market: AIM
Market Cap: -
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