RNS Number : 5342N

IRF European Fin Investments Ltd

01 October 2012

 

IRF European Finance Investments Ltd 

1 October 2012

 

IRF European Finance Investments Ltd

("IRF" or the "Company")

 

Six Months 2012 Results

 

IRF European Finance Investments Ltd (SFM: IRF) announces its financial results for the six months ended 30 June 2012 and three months ended 31 March 2012. 

 

Financial Highlights

 

Amounts in 000	Six months ended 30 June 2012	Six months ended 30 June 2011
Income Statement items:
(Loss)/ Operating Income	1,057	2,486
(Loss)/Profit Before Income Tax	(5,845)	(19,349)
Income Tax Expense	-	-
(Loss)/Profit after Tax	(5,845)	(19,348)
Other Comprehensive Income, net of tax	(17,792)	(18)
(Loss)/ Total Comprehensive Income after tax	(23,636)	(19,365)
Basic Earnings (loss) per Share (in euro/share)	(0.04)	(0.14)
Balance Sheet Items:	30 June 2012	31 December 2011
Cash and Cash Equivalents	1,291	4,600
Total Assets	117,262	141,558
Total Liabilities	177,439	178,098
Total Equity	(60,177)	(36,540)

 

Amounts in 000	Three months ended 31 March 2012	Three months ended 31 March 2011
Income Statement = items:
(Loss)/ Operating Income	108	880
(Loss)/Profit Before Income Tax	(2,675)	(5,208)
Income Tax Expense	-	-
(Loss)/Profit after Tax	(2,675)	(5,208)
Other Comprehensive Income, net of tax	(11,454)	8,262
(Loss)/ Total Comprehensive Income after tax	(14,129)	3,054
Basic Earnings (loss) per Share (in euro/share)	(0.02)	(0.04)
Balance Sheet Items:	31 March 2012	31 December 2011
Cash and Cash Equivalents	3,371	4,600
Total Assets	125,510	141,558
Total Liabilities	176,180	178,098
Total Equity	(50,670)	(36,540)

For further information, please contact:

 

IRF European Finance Investments Ltd

Angeliki Frangou, Chairperson           nbsp;        Tel: +30 210 428 0560

Sheldon M. Goldman                                 Tel: +1 212 404 5740

About IRF

IRF's principal investment strategy is to seek investment opportunities in global financial institutions, with a complementary focus on investments in distressed opportunities in other industries. The Company was initially listed on AIM until 19 January 2009 when it transferred to the SFM (Specialist Fund Market), both markets operated by the London Stock Exchange plc. The Company's registered office is at Canon's Court 22 Victoria Street, Hamilton HM12, Bermuda.

Forward-looking statements

All statements, other than statements of historical fact, included in this release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. IRF assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.

This information is provided by RNS

The company news service from the London Stock Exchange