Cantina Augusto plc
LSE : CANP

July 08, 2008 09:57 ET

Interim Results

                                                   
                                                   
                                          CANTINA AUGUSTO PLC
                                            (the "Company")

                      Unaudited Interim Results for the Period Ended 31 March 2008
                                                   

Cantina Augusto plc today announces its interim results for the period ended 31 March 2008.

CHAIRMAN'S STATEMENT

I am pleased to make this statement to you as Chairman of the Company.

Review of Activities

The Company was admitted to PLUS Markets in October 2007 at which time it acquired, through its wholly
owned subsidiary Cantina Augusto (Clerkenwell Road) Limited, the business of Cantina Augusto which has
been established as an Italian restaurant in Clerkenwell Road, London for over thirty years.

Current Developments

In  June  The  Board  were  pleased to announce the appointment of Celebrity Chef,  Gino  D'Acampo  as
Operations  Consultant. Gino will not only reshape the operational running of the  business  but  will
advise on opportunities to open new restaurants together with suitable acquisitions.

Financial Overview

The Company made a loss after taxation of £80,000. The loss arose mainly from cost incurred by fund
raising.

Outlook

The  Directors are actively seeking suitable locations where Italian restaurants similar  to  that  of
Cantina Augusto can be established. Negotiations also continue on the acquisition of a small chain  of
restaurants in order to fulfil the strategy of expansion into the restaurant market.


M Nash
Chairman



PROFIT AND LOSS ACCOUNT
 For the period ended 31 March 2008                               Period ended                Year ended
                                                                      31 March              30 September
                                                                          2008                      2007
                                                                   (unaudited)                 (audited)
                                                                         £'000                     £'000
                                                                                          
 Turnover                                                                 186                         2
 
 Cost of Sales                                                             44                         -
                                                                                                        
 Gross (Loss)/Profit                                                      142                        (2)
 
 Administrative expenses                                                 (216)                        -
 
 Operating (loss)                                                         (74)                       (2)
 
 Interest payable and similar charges                                      (6)                        -
 
 Interest receivable and similar charges                                    -                         -
                                                                   
                                                                          (80)                       (2)
 (Loss) on ordinary activities before                                                                   
 taxation
 
 Taxation                                                                   -                         -
                                                                   
                                                                                                        
 Retained (loss)/profit for the period                                    (80)                       (2)
                                                                                                        
                                                                                            


All results derive from continuing operations of the Company.

No interim results were produced for the period ended 31 March 2007.


Interim Financial Information

The  unaudited  interim financial information, which is the responsibility of the  directors  and  was
approved by them on 8th July 2008 does not constitute statutory accounts within the meaning of Section
240 of the Companies Act 1985.

                                                   
THESE RESULTS HAVE NOT BEEN AUDITED NOR HAVE THEY BEEN REVIEWED BY THE COMPANY'S AUDITORS.

Copies of this Interim statement are available from the Company at its registered office, for a period
of one month, free of charge.



                                                   
               The Directors of the Company accept responsibility for this announcement.



                                                 - ENDS -


 Cantina Augusto plc                            
 Mr F E Porter                                  01926 888 302
                                                
 PLUS Corporate Adviser                         
 Gary Miller                                    
 Fisher Corporate plc                            020 738 8000

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