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| Accidentcare
Group PLC, the customer service solutions provider, is pleased to
announce its 3rd quarter 2000 results, showing turnover of £754,316
(1999: £536,897) and profit before tax of £10,486 (1999: £27,838).
The quarter has shown satisfactory year on year growth in membership
sales, although income derived from claims management services provided
to the insurance industry is slightly down due to the reduced level
of accidents during the September fuel crisis. At the same time investment
has continued in the development of new products and services and
strategic partnerships for future growth which have increased expenditure
for the period. The result of this has been seen in the recent announcement
of a marketing joint venture with the First National Motor Finance
and the launch next month of a new motor breakdown product in alliance
with Europe Assistance. The Group continues to see significant scope
for widening its range of services and for expansion into new markets
and distribution channels. In the pursuit of these exciting opportunities
the Group has successfully raised additional capital of £550,000 via
the placing of new shares, with both existing and new institutional
investors. This funding will allow Accidentcare to take full advantage
of the opportunities it has identified to increase sales and to consolidate
the trading partnerships developed over the last year. The increased
expenditure on marketing incurred in this quarter is expected to bear
fruit in the second quarter of 2001. |
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22
December 2000 |
Enquiries:
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Tel:
020 8200 9999 |
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College
Hill
Nicholas Nelson/Michael Padley
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| Approval
and Risk Warnings |
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Approval
and Risk Warnings
The value of the Ordinary Shares in the Company may fluctuate and
the investor may not get back the whole of his investment. OFEX is
not a recognised or designated investment exchange. There is no recognised
market for ordinary shares in the Company and it may be difficult
for the investor to sell the investment or to obtain reliable information
about its value or the extent of the risks to which it is exposed.
This announcement is not intended to contain any offer or invitation
to acquire or deal in the shares of the Company. Teather & Greenwood
Limited has approved this announcement for section 57 of the Financial
Services Act 1986. Teather & Greenwood is regulated by The Securities
and Futures Authority. |
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ACCIDENTCARE
GROUP PLC
Quarter ended 30 September 2000 |
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Accidentcare
Group
Plc Consolidated Profit & Loss Account For the 9 Month Period Ended
30 September 2000 |
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9
Months to 30 Sept 2000 |
9
Months to 30 Sept 1999 |
Quarter
Ended 30 Sept 2000 |
Quarter
Ended 30 Sept 1999 |
| Sales |
2,169,355 |
1,354,000 |
754,316 |
536,897 |
| Cost
Of Sales |
476,018 |
476,018 |
143,029 |
128,054 |
| Gross
Margin |
1,693,337 |
1,102,942 |
611,287 |
408,843 |
| Interest
Receiveable |
346 |
|
|
|
|
1,693,683 |
1,102,942 |
611,287 |
408,843 |
| Administrative
Expenses |
1,543,492 |
1,019,452 |
594,714 |
375,490 |
| Net
Profit Before Taxation & Interest |
150,191 |
83,490 |
16,573 |
33,353 |
| Interest
Payable |
18,480 |
23,587 |
6,087 |
5,515 |
| Net
Profit Before Taxation |
131,711 |
59,903 |
10,486 |
27,838 |
| Taxation |
|
|
|
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| Net
Profit After Taxation |
131,711 |
59,903 |
10,486 |
27,838 |
| Earnings
Per Share |
0.012p |
|
0.095p |
|
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