Preliminary Results for the period ended 30 June 2006
23 August 2006
Hot Tuna (International) PLC (AIM:HTT), a lifestyle apparel brand with authentic surf heritage, is pleased to announce its maiden set of Preliminary Results since being admitted to AiM for the period ended 30 June 2006.
Highlights
- raised £1.9 million at AiM listing and a further £2.5 million in February 2006
- completed acquisitions of US and Australian subsidiary licensee companies
- key operational management appointments completed to support growth
- launch of Spring / Summer 2007 collection in the USA and the UK
- appointment of Elle Macpherson as an Executive Director
- turnover boosted by sales of Hot Tuna trial clothing in the Cocoa Beach concept store
Commenting on the results, Ranjit Murugason, Chairman of Hot Tuna (International) PLC , said: “Significant progress has been made since the Company's flotation on AiM 10 months ago and strong foundations have now been laid to support Hot Tuna's future growth. We now have direct ownership over the Hot Tuna brand in all key markets including the USA, the UK and Australia, and have also appointed several highly-regarded and experienced personnel to drive the Company's design, marketing and sales.
"We have just launched Hot Tuna's first clothing collection, which is for Spring / Summer 2007, and are encouraged from feedback we have received so far from potential buyers."
The full results are available to view and download in PDF format.
For further information:
| Hot Tuna (International) PLC | |
| Ranjit Murugason, Chairman | Tel: +44 (0) 20 7372 9378 |
| ranjit_murugason@hottunaplc.com | |
| Seymour Pierce Limited | |
| Sarah Wharry / Parimal Kumar | Tel: +44 (0) 20 7107 8000 |
| parimalkumar@seymourpierce.com | www.seymourpierce.com |
Media Enquiries:
| Abchurch | |
| Henry Harrison-Topham / Chris Lane | Tel: +44 (0) 20 7398 7700 |
| henry.ht@abchurch-group.com | www.abchurch-group.com |