THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 1358K

Thalassa Holdings Limited

19 September 2016

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa")

Interim results presentation

Thalassa Holdings Ltd, a holding company currently with subsidiaries in the Energy Services and Defence and Homeland Security Industries, announces that it has placed on its website (http://thalassaholdingsltd.com/) a copy of the presentation relating to its results for the six months ended 30 June 2016.

The presentation includes the following financial information, which has not previously been notified, in respect of Thalassa's wholly owned subsidiary WGP Group Limited:

 
 31 December                 2016 Estimated    2015 
                                  (Note        Actual 
                                   1)          (Note 
                                                 2) 
                                  US$m         US$m 
                            ---------------  -------- 
 
 Sales                            10.5         18.8 
 Operating profit before 
  depreciation                    2.4           6.2 
 Operating profit                 1.5           4.1 
 Profit before taxation           1.1           3.2 
 Profit after taxation            0.8           2.6 
 
 Borrowings due to parent 
  company                         12.0         16.7 
 Cash                             1.2          11.6 
 
 

Notes:

   1.   As estimated by the Board of Thalassa 
   2.   Extracted from unpublished management accounts for the year ended 31 December 2016. 

Thalassa Holdings Ltd

         Duncan Soukup, Chairman                                                     +33 (0)6 78 63 26 89 

WH Ireland Limited (Nominated Adviser and Broker)

         Chris Fielding, Head of Corporate Finance                            +44 (0)207 220 1650 

Press Enquiries:

Square1 Consulting (Public Relations)

David Bick +44 (0)207 929 5599

http://thalassaholdingsltd.com/documents/NP0316-2061_ANNUALREPORT.pdf

www.thalassaholdingsltd.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 19, 2016 02:00 ET (06:00 GMT)

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