THE NEW PNC TELECOM

In the six weeks to 28 October 2005 the Company's unaudited management records
show that sales amounted to GBP 4.885 million which generated a gross profit in
excess of GBP 215,000

Sorry must look at the RNS not what is posted.

£215K in 6 weeks and turn over up. lets assume that the average for the next 8 6 week periods is £225k (allowing for future growth and new business)

GP = 225k / 6 x 52 = £2 mill ( I know I rounded it up)

Admin £406k (currently) lets add 10% and call it £450K
Directors wages lets say £250k (unless you know different)

I have not added any other income receivable i.e interest etc

So we have £2 mill less £700k and lets say they have 300k of other outgoings leaves a net profit of £1 mill.

Have I missed anything?