IRF European Finance Investments Ltd. : Six Months 2012 Results

Six Months 2012 Results
3/10/2012 17:36

RNS Number : 5342N

IRF European Fin Investments Ltd

01 October 2012

=EF=BB=BF

IRF European Finance Investments = Ltd 

1 October 2012

IRF European Finance Investments = Ltd

("IRF" or the "Company")

Six Months 2012 Results

IRF European Finance Investments Ltd = (SFM: IRF)=20 announces its financial results for the six months ended 30 June 2012 = and three=20 months ended 31 March 2012. 

Financial Highlights

Amounts in =E2=82=AC = 000	Six months ended 30 June = 2012	Six months ended 30 June = 2011
Income Statement = items:
(Loss)/ Operating = Income	1,057	2,486
(Loss)/Profit Before Income = Tax	(5,845)	(19,349)
Income Tax Expense	-	-
(Loss)/Profit after = Tax	(5,845)	(19,348)
Other Comprehensive Income, net of=20 tax	(17,792)	(18)
(Loss)/ Total Comprehensive Income = after=20 tax	(23,636)	(19,365)
Basic Earnings (loss) per Share (in = euro/share)=20	(0.04)	(0.14)
Balance Sheet = Items:	30 June 2012	31 December = 2011
Cash and Cash = Equivalents	1,291	4,600
Total Assets	117,262	141,558
Total Liabilities	177,439	178,098
Total Equity	(60,177)	(36,540)

Amounts in =E2=82=AC = 000	Three months ended 31 March = 2012	Three months ended 31 March=20 2011
Income Statement = items:
(Loss)/ Operating = Income	108	880
(Loss)/Profit Before Income = Tax	(2,675)	(5,208)
Income Tax Expense	-	-
(Loss)/Profit after = Tax	(2,675)	(5,208)
Other Comprehensive Income, net of=20 tax	(11,454)	8,262
(Loss)/ Total Comprehensive Income = after=20 tax	(14,129)	3,054
Basic Earnings (loss) per Share (in = euro/share)=20	(0.02)	(0.04)
Balance Sheet = Items:	31 March 2012	31 December = 2011
Cash and Cash = Equivalents	3,371	4,600
Total Assets	125,510	141,558
Total Liabilities	176,180	178,098
Total Equity	(50,670)	(36,540)

For further information, please = contact:

IRF European Finance Investments = Ltd

Angeliki Frangou,=20 Chairperson          &n= bsp;     =20     Tel: [phone]

Sheldon M.=20 Goldman           =             &= nbsp;         =20 Tel: [phone]

About IRF

IRF's principal investment strategy is to = seek=20 investment opportunities in global financial institutions, with a = complementary=20 focus on investments in distressed opportunities in other industries. = The=20 Company was initially listed on AIM until 19 January 2009 when it = transferred to=20 the SFM (Specialist Fund Market), both markets operated by the London = Stock=20 Exchange plc. The Company's registered office is at Canon's Court 22 = Victoria=20 Street, Hamilton HM12, Bermuda.

Forward-looking statements

All statements, other than statements of = historical=20 fact, included in this release are forward looking statements within the = meaning=20 of the Private Securities Litigation Reform Act of 1995. These = statements are=20 based upon current expectations and are subject to a number of = risks,=20 uncertainties and assumptions that could cause actual results to differ=20 materially from those described in the forward-looking statements. IRF = assumes=20 no obligation and expressly disclaims any duty to update the information = contained herein except as required by law.

This information is provided by = RNS

The company news service from the = London Stock=20 Exchange