All Leisure 1H Pretax Loss GBP4.48M Vs Loss GBP1.13M

13th Jul 2010 07:46

LONDON (Dow Jones)--All Leisure Group PLC (ALLG.LN), a cruise operations company, announced Tuesday it made a pretax loss of GBP4.48 million for the six months ended April 30, compared with a loss of GBP1.13 million. MAIN FACTS: -Revenue: GBP32.38 million (2009: GBP34.61 million) -Operating Loss: GBP4.67 million (2009: Loss GBP1.84 million) -Loss per share: 7.2 pence (2009: Loss 1.9 pence) -First half operating performance (before ash-related costs) is in line with management expectations. -Half year cash (including restricted cash) at Apr. 30, 2010 of GBP18.4 million (2009: GBP32.0 million) following successful acquisition of mv Alexander von Humboldt or AvH. -Successful post period end deployment of AvH. -Unrestricted cash of GBP15.2 million (2009: GBP28.7 million). -Impact of recent travel disruption estimated to be up to GBP1.4 million (Being GBP0.8 million of additional costs and GBP0.6 million of lost contribution from passengers who had booked but did not travel). -Interim dividend increased by 7% to 0.64 pence per share (2009: 0.60 pence). -Management actions have eliminated Group debt, enhanced the asset register and reduce the Group's dollar currency risk in anticipation of an improved future trading environment. -Summer ocean cruise capacity 84% sold, (2009: 79%) excluding AvH. -Group anticipated fuel costs for the current financial year 50% hedged. -Group currency requirements for the current financial year over 95% hedged. -Shares ended Monday at 51.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 13, 2010 02:46 ET (06:46 GMT)