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Chairman’s Statement 2
Responsibility Statement 3
Consolidated Statement of Comprehensive Income 4
Consolidated Balance Sheet 5
Consolidated Statement of Changes in Equity 6
Consolidated Statement of Cash Flows 7
Notes to the Condensed Consolidated Financial Statements 8-10
1
TEX HOLDINGS PLC CHAIRMAN’S STATEMENTTex Group turnover for the six months to 30th June 2011 amounted to £18m, a 14% increase over the comparable figure in 2010. Pre-tax profit totalled £432k, which represents a 38% improvement over the previous year’s first half performance.
Sales in all divisions were up on the comparable period in 2010 and, as a result, all divisions are now reporting operating profits.
The current incoming order position is promising. We cannot though ignore the threat of world economic difficulties. Because of this we continue to provide a note of caution to our trading position which, as it stands, is satisfactory. A number of large contracts with blue chip customers are approaching fruition and these could, if achieved, improve trading volumes.
Cash and cost control remain high on the corporate agenda so as to position the Group to take advantage of the upturn when it finally occurs.
The Board is proposing to pay an interim dividend of 1.5 pence (2010: 1.0 pence) which will be paid on 10th October 2011 to shareholders on the register as at 16th September
2011.
ARB Burrows
Chairman
22nd August 2011
2
TEX HOLDINGS PLC RESPONSIBILITY STATEMENTin respect of the interim financial report
We confirm that to the best of our knowledge: