RNS Number: 5801E
Sigma Capital Group PLC
27 September 2007
SGM.L
27 September 2007
SIGMA CAPITAL GROUP PLC ("Sigma" or "the Group")
Unaudited interim results for the six months to 30 June 2007
HIGHLIGHTS
* Total revenue increased by 41% to £4.9m (2006: £3.5m)
* Profit before tax rose by 76% to £1.6m (2006: £0.9m)
* Earnings per share up 122% to 1.40p (2006: 0.63p)
* Cash balances increased to £4.0m (2006: £2.2m)
* Placings in July raised in aggregate an additional £3.4m gross
* Launch of high profile sustainable energy fund - Sigma Sustainable Energy Fund II
* second sustainable energy fund attracted an initial £45m of funds
* remit to invest in UK and Europe
* high profile partners involved include:
- Scottish and Southern Energy plc (£10m);* Venture capital funds under management now stand at £74m, up 155% since year end
- Bank of Scotland Corporate (£12.5m);
- Sir Tom Hunter's West Coast Capital (via subsidiary TBH Investments Limited) (£10m)
- Elsina Limited (a vehicle advised by Vincent Tchenguiz's Consensus Business Group) (£10m)
* one investee company, i-design group plc, admitted to AIM in July 2007
* Sixth property partnership established - to acquire 5-star hotel in Glasgow operated by Radisson; capitalised at £68m
* Board significantly strengthened
* Prospects remain very positive
Brian Hadfield, Chairman, commented,
"Sigma continues to make very strong progress and trading results reflect this, with earnings more than doubling over the first half of the year.
I am particularly pleased to highlight the calibre of investors we have attracted in the launch of our second sustainable energy venture capital fund, the Sigma Sustainable Energy Fund II. This fund, which will invest in sustainable energy technologies in the UK and Europe, is Sigma's fourth venture capital fund and brings total venture capital funds under management to £74m, an increase of 155% since the year-end.
Looking ahead, we continue to view prospects for the Group very positively, with significant opportunities for growth across all three of our business activities."
Enquiries
Sigma Capital Group plc
Graham Barnet, Chief Executive
Today: 020 7448 1000
Marilyn Cole, Finance Director
T: 0131 220 9444
Biddicks
Katie Tzouliadis/ Sophie Lane
T: 020 7448 1000
Arbuthnot Securities
Tom Griffiths/ Neil Kirton
T: 020 7012 2000
Company website: www.sigmacapital.co.uk
To download the complete interim report
click here.