Interim Results -8-
September 10 2009 - 2:00AM
UK Regulatory
| Adjusted earnings, being | 805 | 575 | 1,434 |
| profit after tax, before | | | |
| goodwill impairment and | | | |
| intangible amortisation | | | |
| and one-off professional | | | |
| costs | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Weighted average number | 10,798 | 12,168 | 11,832 |
| of shares | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Basic and diluted EPS | 6.3p | 3.5p | 9.2p |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Adjusted EPS | 7.5p | 4.7p | 12.1p |
+---------------------------+--------------+--------------+--------------+
4. Dividends
+---------------------------+--------------+--------------+--------------+
| | Six months | Six months | Year ended |
| | to | to | |
+---------------------------+--------------+--------------+--------------+
| | 30 June 2009 | 30 June 2008 | 31 Dec 2008 |
+---------------------------+--------------+--------------+--------------+
| | GBP'000 | GBP'000 | GBP'000 |
+---------------------------+--------------+--------------+--------------+
| | (unaudited) | (unaudited) | (audited) |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Dividends paid | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Final 2007, paid 30 April | | | |
| 2008 | | | |
+---------------------------+--------------+--------------+--------------+
| - 3.0p per share | - | 364 | 364 |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Interim 2008, paid 10 | | | |
| October 2008 | | | |
+---------------------------+--------------+--------------+--------------+
| - 2.5p per share | - | - | 300 |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| Final 2008, paid 29 April | | | |
| 2009 | | | |
+---------------------------+--------------+--------------+--------------+
| - 3.1p per share | 334 | - | - |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| | | | |
+---------------------------+--------------+--------------+--------------+
| | 334 | 364 | 664 |
+---------------------------+--------------+--------------+--------------+
The directors propose to pay an interim dividend of 3.1p per share on 2 October
2009 to shareholders on the register at 18 September 2009.
Independent review report to Maintel Holdings Plc
Introduction
We have been engaged by the company to review the financial information in the
interim results for the six months ended 30 June 2009 which comprises the
consolidated statement of comprehensive income, the consolidated statement of
financial position, the consolidated statement of changes in equity, the
consolidated cash flow statement, and related explanatory notes.
We have read the other information contained in the interim results and
considered whether it contains any apparent misstatements or material
inconsistencies with the information in the condensed set of financial
statements.
Directors' responsibilities
The interim results, including the financial information contained therein, are
the responsibility of and have been approved by the directors. The directors are
responsible for preparing the interim results in accordance with the rules of
the London Stock Exchange for companies trading securities on the Alternative
Investment Market which require that the interim results be presented and
prepared in a form consistent with that which will be adopted in the company's
annual accounts having regard to the accounting standards applicable to such
annual accounts.
Our responsibility
Our responsibility is to express to the company a conclusion on the condensed
set of financial statements in the interim results based on our review.
Our report has been prepared in accordance with the terms of our engagement to
assist the company in meeting the requirements of the rules of the London Stock
Exchange for companies trading securities on the Alternative Investment Market
and for no other purpose. No person is entitled to rely on this report unless
such a person is a person entitled to rely upon this report by virtue of and for
the purpose of our terms of engagement or has been expressly authorised to do so
by our prior written consent. Save as above, we do not accept responsibility for
this report to any other person or for any other purpose and we hereby expressly
disclaim any and all such liability.
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 financial information in the interim results for the six months ended
30 June 2009 is not prepared, in all material respects, in accordance with the
rules of the London Stock Exchange for companies trading securities on the
Alternative Investment Market.
BDO STOY HAYWARD LLP
Chartered Accountants and Registered Auditors
London
9 September 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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