TYI Holdings
LSE : TYIP

September 22, 2009 02:00 ET

Interim Results for the six months ended 30 June 2009

                                                                                                22/09//2009
                                                                                  GB00B2QY9Z71/GBP/PLUS-exn


                                               TYI Holdings Plc
                                           ("TYI" or the "Company")
                                                       
                             Interim Results for the six months ended 30 June 2009
                                                       
Chairman's Statement

The  Board of Directors have pleasure in presenting the Company's unaudited accounts for the six months  to  30
June 2009.

Since  the  Accounts to 31 December 2008 were issued in July 2009, the Company has opened new stores in  Meadow
Hall  shopping centre in Sheffield and in Lakeside shopping centre in Grays, Essex. The Company now has a total
of 16 outlets around the country.

Turnover  during  the  period  under  review  was  in  line with  Directors'  expectations  and  has  increased
significantly  when compared to the same period in 2008, largely as a result of new store openings  since  June
2008.  The Company is now set to enjoy its busiest period in the run up to December 2009 and the Directors  are
confident  that the Company will report an increase in turnover compared to the equivalent 12 month  period  in
2008.

The  Company  will  continue  to  look  for new products to compliment their  existing  range,  and  for  other
opportunities to open further stores in prestigious shopping centres around the country.

Roy Stanley

Chairman.

TYI HOLDINGS PLC

PROFIT AND LOSS ACCOUNT FOR THE PERIOD FROM 1 JANUARY 2009 TO 30 JUNE 2009


                                                           Unaudited                Unaudited      
                                                           6 Months to              6 Months to
                                                            30/06/2009                30/06/2008   
                                                                £                          £       
Turnover                                                     1,009,226                   439,758   
                                                                                                   
Cost of Sales                                                  126,591                    63,575   
                                                                                                   
Gross Profit                                                   882,635                   376,183   
                                                                                                   
Distribution Costs                                              10,984                     2,002   
                                                                                                   
Administration Expenses                                      1,095,109                   524,239   
                                                                                                   
Operating Profit/(Loss)                                       -223,458                  -150,058   
                                                                                                   
Interest Receivables and Similar Income                              0                      2554   
                                                                                                   
Interest Payable and Similar Charges                             7,824                         0   
                                                                                                   
Profit/(Loss) on Ordinary Activities Before Taxation          -231,282                  -147,504   
                                                                                                   
Tax on Profit on Ordinary Activities                                 0                         0   
                                                                                                   
Profit for the Financial Period                               -231,282                  -147,504   
                                                                                                   
The Interim accounts have not been audited or reviewed by TYI's auditors.                          
                                                                                                   

The Directors of TYI Holdings Plc accept responsibility for this announcement.



Enquiries:

TYI Holdings Plc
Alex Noble/Andrew Snell
Telephone: 0191 258 4868


St Helen's Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959










Contact Information

  • TYI Holdings