("VSA CAPITAL GROUP" or "THE COMPANY") (AIM: VSA)


7 December 2012


VSA Capital Group, the AIM listed natural resources focused corporate finance and broking firm, announces its interim results for the six month period ended 30 September 2012.


HIGHLIGHTS
  • Revenues for the six months ended 30 September 2012: £440,489 (H1 2011: £435,068).
  • Continued growth in clients at VSA Capital Limited. At 30 November 2012: 27 retained clients (November 2011: 18 clients).
  • Operating loss: £811,905 (H1 2011: £598,812 loss).
  • Net assets at 30 September 2012: £1,735,075 (H1 2011: £502,690).
  • Cash balance at 30 September 2012: £1,019,097 (H1 2011: £414,150) with a further £562,000 receivable in January 2013 in respect of a transaction completed in the prior period.
  • Commenced secondary trading after obtaining Variation of Permission from the FSA.
  • Staffing levels increased and new office facilities taken on to position the business to exploit anticipated opportunities. 
  • Continuing market interest in VSA Capital's corporate finance, broking and investor relations services.


Commenting on today's results, Andrew Monk , Chief Executive of VSA Capital Group, said:

"VSA Capital Group has continued to experience difficult market conditions in this period. Nevertheless, progress has been made in establishing the infrastructure and the staff levels and expertise required to take the company forward to deliver a highly regarded natural resources focussed investment bank. The Board looks forward to delivering positive results for shareholders."


View Interim results for the six months ended 30 September 2012



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