Leeds Group plc reported unaudited consolidated earnings results for the six months ended November 30, 2012. For the six months, the company reported revenue of £16,201,000 compared to £14,755,000 for the same period last year. Profit from operations was £160,000 compared to £767,000 for the same period last year.

Profit before tax was £114,000 compared to £697,000 for the same period last year. Loss for the period, attributable to the equity holders of the company was £166,000 or 0.6 pence per basic and diluted share compared to profit of £481,000 or 1.7 pence per basic and diluted share for the same period last year. Net cash flows from operating activities were £443,000 compared to net cash used in operating activities of £208,000 for the same period last year.

Purchase of property, plant and equipment was £67,000 compared to £42,000 for the same period last year. Net debt was £1,004,000 against £2,026,000 a year ago. Net asset value per share at November 30, 2012 was 45.2 pence compared to 45.7 pence for the same period last year.

Profit after tax from trading operations was £579,000, up by 20% on last year but the overall result was severely influenced by the need to write off the Group's investment in Dawson International PLC following that company's appointment of administrators in August 2012. The write-off represented a loss per share of 2.7 pence.