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JonC - Mon, 02 Jan 06 :

tenapen:

LO-Q PLC

Interim Results for the six months ended 31 March 2003

Chairman's Statement

The results for the 6 months ended 31st March 2003 are for the closed season and hence little rental income is earned against the fixed cost base. We announced on 4th February 2003 the successful sale of 5 installations to a leasing company during the period under review and included in revenue for the 6 months ended31st March 2003 is #1m in respect of this.


From the prospectus:


The System is protected by a United Kingdom patent which has been assigned to the Company.


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