Interim Report

1


Blackwell Global Holdings Limited

Interim Financial Result
For the 6 months ended 30 September 2019








CONTENTS

Page

Chairman’s Report 2
Interim Consolidated Statement of Comprehensive Income 3
Interim Consolidated Statement of Changes in Equity 4
Interim Consolidated Statement of Financial Position 5
Interim Consolidated Statement of Cash Flows 6
Reconciliation of Net Operating Cash Flows to Net Loss After Tax 7
Condensed Notes to the Interim Financial Statements 8
Company Directory 16

CHAIRMAN’S REPORT
BLACKWELL GLOBAL HOLDINGS LIMITED
For the six months ended 30 September 2019



2

Dear Shareholders
During the course of the first 6 months of the financial year the Group’s focus has been on:

• continuing to develop its’ internal operational infrastructure to provide a platform for growing its finance
company operations;
• deploying its funds towards good quality, moderate margin loan receivables. To this end, the Group has
to date:
- funded fifteen separate loan facilities;
• deployed total funds to date of $9,706,245 with loans structured across a mix of capitalised interest
arrangements, and interest only loans. The loans have all been secured by first ranking mortgage
securities over quality real estate assets;
• Further developing a bespoke investment/funding structure whereby the Group can facilitate investment
by third party investors into loan facilities procured and managed by the Group;

The Group’s revenue comprises interest and fee income from mortgage lending activities.

The ongoing challenge for the Group in respect of growing its finance company operation is the ability to continue
to raise debt finance from third party investors which can then be deployed towards funding loan receivables,
and generating a profit margin for the Group. The Group is continuing to explore innovative new initiatives to
secure more funding with a view to aggressively growing the finance company operation in the future.

The loan book as at 30 September 2019 was $2.04 million. All loans were secured by first mortgages
over residential properties. The average lending to value ratio (LVR) was very low at an average of
52%. All loans are current with no past-due assets.

The group has adequate cash reserves to meet ongoing needs for the foreseeable future, but lending
growth is required to increase revenue, and this requires additional funding from the major
shareholder and attracting new investors.





Sean Joyce
Chairman

13 December 2019

Interim Consolidated Statement of Comprehensive Income
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


3




6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

Notes
$ $ $



Revenue



Interest and fee income 4 335,773 424,169 822,430
Other income 4 - 177,915 431,707
Total Income

335,773 602,084 1,254,137

Expenses



Directors' fees 12 (143,250) (146,625) (281,250)
Employee expenses

(138,250) (299,516) (622,717)
Interest expense

(243,808) (222,153) (519,919)
Other operating expenses 5 (134,108) (242,594) (415,181)
Total expenses

(659,416) (910,888) (1,839,067)

Loss before income tax

(323,643) (308,804) (584,930)

Income tax benefit/(expense)

- - -


Total comprehensive loss for the period

(323,643) (308,804) (584,930)

Attributable to:

Owners of the parent company

(323,643) (308,804) (584,930)


Earnings/(loss) per share 6

Basic (loss) per share (cents per share):

(0.07) (0.07) (0.13)
Diluted (loss) per share (cents per share):

(0.07) (0.07) (0.13)













These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Changes in Equity
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


4


Share Convertible Contributed Accumulated Total

Capital Note Capital Losses Equity

Reserve


Notes $ $ $ $ $

Balance at 1 April 2018 (audited)

12,110,746 114,716 102,013 (10,793,382) 1,534,093

Loss for the period

- - - (308,804) (308,804)
Other comprehensive income

- - - - -
Total comprehensive loss for the
period

- - - (308,804) (308,804)

Contributed capital on the bonds 9
- - 25,503 - 25,503

Balance at 30 September 2018
(unaudited)

12,110,746 114,716 127,516 (11,102,186) 1,250,792


Balance at 1 April 2018 (audited)

12,110,746 114,716 102,013 (10,793,382) 1,534,093

Loss for the year

- - - (584,930) (584,930)
Other comprehensive income

- - - - -
Total comprehensive loss for the year

- - - (584,930) (584,930)

Contributed capital on the bonds 9
- - 25,503 - 25,503


Balance at 31 March 2019 (audited)

12,110,746 114,716 127,516 (11,378,312) 974,666


Balance at 1 April 2019 (audited)

12,110,746 114,716 127,516 (11,378,312) 974,666

Loss for the period

- - - (323,643) (323,643)
Other comprehensive income

- - - - -
Total comprehensive loss for the
period

- - - (323,643) (323,643)

Contributed capital on the bonds 9
- - - - -


Balance at 30 September 2019
(unaudited)

12,110,746 114,716 127,516 (11,701,956) 651,022






These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Financial Position
Blackwell Global Holdings Limited
As at 30 September 2019


5
30 Sep 2019 30 Sep 2018 31 Mar 2019
(unaudited) (unaudited) (audited)
Notes
$ $ $


Current assets
Cash and cash equivalents

1,646,384 1,535,897 1,513,055
Prepayments and other receivables 31,010 5,693 26,399
Loan receivables 8 2,025,561 5,640,753 5,377,175
Total current assets 3,702,955 7,182,343 6,916,629


Non-current assets

Prepayments and other receivables 75,500 75,000 75,500
Property, plant and equipment 3,261 1,251 3,780
Total non-current assets 78,761 76,251 79,280


Total assets 3,781,716 7,258,594 6,995,909



Current liabilities

Trade and other payables 19,692 234,017 103,583
Accruals, provisions and other liabilities 156,472 - 103,765
Borrowings 9 - 2,900,000 2,955,904
Total current liabilities 176,164 3,134,017 3,163,252


Non-current liabilities

Borrowings 9 2,954,529 2,873,785 2,857,991
Total non-current liabilities 2,954,529 2,873,785 2,857,991


Total liabilities 3,130,694 6,007,802 6,021,243


Net assets 651,022 1,250,792 974,666


Equity

Share capital 12,110,746 12,110,746 12,110,746
Contributed capital 127,516 127,516 127,516
Convertible note reserve 114,716 114,716 114,716
Accumulated losses (11,701,956) (11,102,186) (11,378,312)
Total equity 651,022 1,250,792 974,666

Net tangible assets per share (cents per share): 0.15 0.28 0.22

For and on behalf of the Board:


Director Director
Dated: 13 December 2019
These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Cash Flows
Blackwell Global Holdings Limited
For the six months ended 30 September 2019





6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

Notes $ $ $


Cash flows from operating activities

Interest received

192,722 233,829 539,930
Lending, credit fees and other income received

63,938 115,435 208,659
Operating inflows

256,660 349,264 748,589

Net advances in loan receivables

3,447,128 (2,306,889) (2,044,375)
Payments to suppliers and employees

(447,509) (534,370) (924,155)
Interest paid

(203,715) (145,208) (385,553)
Repayment of GST liability

(18,750) (28,287) (82,838)
Income taxes refunded

47 - -
Operating outflows

2,777,201 (3,014,754) (3,436,921)

Net cash used in operating activities

3,033,861 (2,665,490) (2,688,332)


Cash flows used in investing activities

Purchase of property, plant and equipment

(532) - -
Net cash used in investing activities

(532) - -


Cash flows from financing activities

Increase in funding from bonds 9 - 500,000 500,000
Proceeds from borrowings 9 - 2,900,000 2,900,000
Payment of borrowings 9 (2,900,000) - -
Net cash flow from financing activities

(2,900,000) 3,400,000 3,400,000


Net increase in cash and cash equivalents

133,329 734,510 711,668
Cash and cash equivalents at the beginning of
the period

1,513,055 801,387 801,387
Cash and cash equivalents at the end of the
period

1,646,384 1,535,897 1,513,055













These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Reconciliation of Net Operating Cash Flows to Net Loss After Tax
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


7


6 mths
ended
6 mths
ended
12 mths
ended


30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $


Net loss for the period

(323,643) (308,804) (584,930)

Adjustments for:

Depreciation

1,051 417 2,957
Capitalised and accrued interest expense

40,088 57,610 80,036
Non-operating items in sundry income

- - (5,069)

(282,504) (250,777) (507,006)


Changes in net assets and liabilities:

(Increase) / decrease in loan receivables (excluding deferred
revenue) 3,368,675 (2,406,563) (2,094,415)
Increase / (decrease) in deferred revenue (16,517) 24,771 (23,800)
(Increase) / decrease in prepayments and other receivables (4,631) 3,955 (17,251)
Increase / (decrease) in trade and other payables (25,876) - (33,142)
Increase / (decrease) in accruals, provisions and other
liabilities (5,286) (36,876) (30,404)
Increase / (decrease) in interest accrual on borrowings - - 17,686
Net cash (used in)/generated by operating activities 3,033,861

(2,665,490)

(2,688,332)




















These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


8
1. General Information
These unaudited interim financial statements are for Blackwell Global Holdings Limited (the “Company”) and its
subsidiaries (together the “Group”).
The Company and its subsidiaries are limited liability companies, domiciled and incorporated in New Zealand.
The Company is listed by NZX Limited on the NZX Market (“NZX”).
There are no seasonal or cyclical influences on these interim results.

2. Basis of Preparation
These unaudited interim financial statements for the six months ended 30 September 2019 have been prepared
in accordance with NZ IAS 34: Interim Financial Reporting and with the requirements of the Financial Markets
Conduct Act 2013 and the NZX Main Board Listing Rules. They also comply with the International Accounting
Standard 34: Interim Financial Reporting. These unaudited interim financial statements do not include all the
notes of the type normally included in an annual financial report, and should be read in conjunction with the
financial statements published in the Annual Report for the year ended 31 March 2019 which have been
prepared in accordance with New Zealand equivalents to International Financial Reporting Standards (“NZ
IFRS”) and International Financial Reporting Standards (IFRS).
The financial statements are presented in New Zealand dollars.
The interim financial statements are unaudited.

3. Accounting Standards
Apart from the changes noted below, the unaudited interim financial statements have been prepared using the
same accounting policies and methods of computation detailed in the Company’s Annual Report for the year
ended 31 March 2019.
Application of NZ IFRS 16
NZ IFRS 16, ‘Leases’, replaces the current guidance in NZ IAS 17. Under NZ IFRS 16, a contract is, or contains,
a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange
for consideration. Under NZ IAS 17, a lessee was required to make a distinction between a finance lease (on
balance sheet) and an operating lease (off balance sheet). NZ IFRS 16 now requires a lessee to recognise a
lease liability reflecting future lease payments and a ‘right-of-use asset’ for virtually all lease contracts. The
standard is effective for accounting periods beginning on or after 1 January 2019. The Group adopted NZ IFRS
16 on 1 April 2019.
The Group had no lease agreements in place during the period reported on. This did not change up to the date
of signing these consolidated financial statements.

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


9
4. Revenue
The Group recognises revenue from the following major sources:
• Interest from loan receivables
• Loan fee income
• Interest income from term deposits and bank accounts


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Interest income from loan receivables 252,436 294,325 588,998
Loan fee income 83,295 129,332 232,459
Interest income from term deposits and bank
accounts 42 512 973

335,773 424,169 822,430

Sundry Income - 177,915 431,707

335,773 602,084 1,254,137

Interest income is accrued on a time basis by reference to the principal outstanding and at the effective interest
rate applicable, which is the rate that exactly discounts the estimated future cash receipts through the expected
life of the financial asset, or a shorter period where appropriate, to the net carrying amount of the financial asset.
Loan fee revenue is recognised as each performance obligation is satisfied. Loan acceptance fees charged at
the initiation of a loan are recognised as deferred income and amortised over the expected life of the loan. Fees
for other services are recognised as the service is performed.
Sundry income represents the benefit received from Blackwell Global Investments Limited paying costs on
behalf of the Group. It has been agreed that these costs will not be recovered from the Group. Refer to Note 12:
Related Parties.


5. Other Operating Expenses


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Audit fees 11,500 70,250 109,250
Accounting, consulting and legal 60,871 69,016 196,546
NZX fees and list charges 13,520 30,962 29,882
Insurance expenses 11,226 21,209 24,079
Depreciation expenses 1,051 417 2,957
Other operating expenses 35,940 50,740 52,467

134,108 242,594 415,181

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


10
6. Earnings Per Share

6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

Basic earnings/(loss) per share (cents): (0.07) (0.07) (0.13)
Diluted earnings/(loss) per share (cents): (0.07) (0.07) (0.13)

The losses and weighted average number of ordinary shares used in the calculation of loss per share are
as follows:


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019
Loss for the period attributable to owners of the
parent company ($) (323,643) (308,804) (584,930)

Weighted average number of ordinary shares used
in the calculation of basic and diluted earnings per
share 439,830,488 439,830,488 439,830,488

The weighted average number of shares has been calculated for the period to the date of approval of the
consolidated financial statements.

At 30 September 2019, there were no convertible notes carrying shareholder dilution rights that were considered
to be dilutive (30 September 2018: none; 31 March 2019: none). Accordingly, basic and diluted earnings per
share are identical for the accounting periods being reported on.


7. Net tangible asset backing

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

Net tangible assets ($)

651,022

1,250,792

974,666
Issued shares at balance date

439,830,488

439,830,488

439,830,488

Net tangible assets per share (cents)

0.15

0.28

0.22

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


11
8. Loan receivables

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $

Short term loan receivables 2,041,661 5,721,940 5,409,792
Deferred revenue (16,100) (81,187) (32,617)
Expected credit loss allowance - - -
Total loan receivables 2,025,561 5,640,753 5,377,175


9. Loans and Borrowings

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Current borrowings

Short term loan - 2,900,000 2,900,000

Non-current borrowings

Bonds 2,491,885 2,449,380 2,470,427
Convertible notes 462,644 424,405 443,469
Total non-current borrowings 2,954,529 2,873,785 2,913,896


Bonds
No new bonds have been issued in the period. The value of the bonds recognised in the Consolidated Statement
of Financial Position is calculated as follows:


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Balance at beginning of period 2,470,427 1,942,536 1,942,536
Value of bonds issued on 27 April 2018 - 500,000 500,000
Contributed capital on the bonds - (25,503) (25,503)
Liability component carried forward 2,470,427 2,417,033 2,417,033
Interest accrual 75,205 12,986 147,781
Payment of interest on bonds (75,000) - (135,000)
Amortisation of the premium on the bonds 21,253 19,361 40,613
Bond liability in non-current borrowings 2,491,886 2,449,380 2,470,427

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


12
Convertible Notes
No new convertible notes have been issued in the period. The value of the convertible notes recognised in the
Consolidated Statement of Financial Position is calculated as follows:


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Balance at beginning of period 443,469 399,142 399,142
Interest accrual 20,055 19,960 39,905
Payment of interest on convertible notes (20,000) (15,000) (35,000)
Amortisation of premium 19,119 20,303 39,422
Total convertible notes liability recognised as
non-current borrowings
462,644 424,405 443,469


10. Subsidiaries
Details of the Group’s subsidiaries at the end of the reporting period are as follows:

Proportion of interest and
voting power held by the Group
Name of subsidiary Principal activity 30 Sept 2019 31 March 2019



Blackwell Global Finance Limited Diversified financial services 100% 100%
Philip & James Limited Diversified financial services 100% 100%
NZF Money Limited (in receivership) In receivership

100% 100%
Blackwell Global Funds Limited Special purpose vehicle
established as custodian for
funding arrangement
100% 100%

The place of incorporation and operation for all subsidiaries is New Zealand. The balance date of all companies
in the Group is 31 March.


11. Fair Values
The Group measures fair values using the following fair value hierarchy, which reflects the significance of the
inputs used in making the measurements.
• Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.
• Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly (that is, as prices), or indirectly (derived from prices).
• Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs).
As at 30 September 2019, 31 March 2019 and 30 September 2018, no assets or liabilities were recognised at
fair value.
As at 30 September 2019, 31 March 2019 and 30 September 2018, cash and cash equivalents, trade and other
receivables (excluding prepayments), trade and other payables and accruals approximated their fair value due
to being short term.
The fair values of non-current borrowings are based on discounted cash flows using a current borrowing rate.
They are classified as level 3 fair values in the fair value hierarchy due to the use of un-observable inputs.

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


13
The fair values of loan receivables are based on discounted cash flows using current interest rates per the loan
agreements. They are classified as level 3 fair values in the fair value hierarchy due to the use of un-observable
inputs.
The fair value hierarchy of the Group's financial assets and liabilities not measured at fair value is presented
below.
30 September 2019 Level 1 Level 2 Level 3
Total Fair
Value

$ $ $ $
Loan receivables - - 2,041,661 2,041,661
Cash and cash equivalents 1,646,384 - - 1,646,384
Other receivables 75,755 - - 75,755
Total financial assets (unaudited) 1,722,139 - 2,041,661 3,763,800

Borrowings - - 2,954,529 2,954,529
Trade and other payables 35,792 - - 35,792
Accruals and other liabilities 156,472 - - 156,472
Total financial liabilities (unaudited) 192,264 - 2,954,529 3,146,793


31 March 2019 Level 1 Level 2 Level 3
Total Fair
Value

$ $ $ $
Loan receivables - - 5,377,175 5,377,175
Cash and cash equivalents 1,513,055 - - 1,513,055
Other receivables 276 - - 276
Total financial assets (audited) 1,513,331 - 5,377,175 6,890,506

Borrowings - 5,813,896 - 5,813,896
Trade and other payables 103,583 - - 103,583
Accruals and other liabilities

71,855 - - 71,855
Total financial liabilities (audited) 175,438 5,813,896 - 5,989,334


30 September 2018 Level 1 Level 2 Level 3
Total Fair
Value

$ $ $ $
Loan receivables - - 5,640,753 5,640,753
Cash and cash equivalents 1,535,897 - - 1,535,897
Other receivables 81,944 - - 81,944
Total financial assets (unaudited) 1,617,841 - 5,640,753 7,258,594

Borrowings - - 5,773,785 5,773,785
Trade and other payables 93,896 - - 93,896
Accruals and other liabilities 140,121 - - 140,121
Total financial liabilities (unaudited) 234,017 - 5,773,785 6,007,802

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


14
12. Related Parties
The Group is controlled by Blackwell Global Group Limited (incorporated in the Cayman Islands) which owns
56.61% of the Company’s shares. The Group’s ultimate controlling party is Mr Kaw Sing Chai, who also owns
12.7% of the Company’s shares in his own name. The remaining 30.69% of the Company’s shares are widely
held.

Related party transactions
The following expenses were paid by Blackwell Global Investments Limited on behalf of the Group. It has been
agreed that these costs will not be recovered from the Group.

6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Employee expenses - 177,915 253,793
Total - 177,915 253,793

Blackwell Global Investments Limited also provided the Group with premises and paid the premises related
costs at no charge to the Group. It has been agreed that these costs will not be recovered from the Group.

Other related party transactions

6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019
Invoices Issued By Related Party (unaudited) (unaudited) (audited)
Boston Kiwi Corporation Craig Alexander 4,485 - 16,773
CM Partners Limited Sean Joyce - 11,600 -
Anthony Harper Ewe Leong Lim 5,423 13,030 20,864

Anthony Harper, where director Ewe Leong Lim is a partner, provided legal services to the Group. CM Partners
Limited, where director Sean Joyce is a director and shareholder, provided services to support the Group to
access loan funding. Boston Kiwi Corporation, where director Craig Alexander is a partner, provided consulting
and legal services to the Group.

Directors fees


6 mths ended 6 mths ended 12 mths ended

30 Sep 2019 30 Sep 2018 31 Mar 2019

(unaudited) (unaudited) (audited)

$ $ $
Sean Joyce 43,125 43,125 86,250
Craig Alexander 25,875 25,875 51,750
Say Chan Law (James) 25,875 25,875 51,750
Ewe Leong Lim 25,875 25,875 51,750
Kaw Sing Chai (Michael) 22,500 25,875 39,750
Total remuneration of directors 143,250 146,625 281,250

Condensed Notes to the Interim Financial Statements
Blackwell Global Holdings Limited
For the six months ended 30 September 2019


15


13. Segment Reporting
Operating segments are reported in the manner consistent with the internal reporting provided to the chief
operating decision-maker. The chief operating decision maker is identified as the Board of Directors. The Group
internally reported as a single operating segment to the chief decision-maker.


14. Capital Commitments
There were no capital commitments at 30 September 2019 (31 March 2019: nil; 30 September 2018: nil).


15. Subsequent Events
There have been no significant events after balance date.


16. Approval of Financial Statements
The financial statements were approved by the directors and authorised for issue on 13 December 2019.

16
COMPANY DIRECTORY

As at 30 September 2019



Independent Directors

Share Registrar

Sean Joyce

Link Market Services Limited
Craig Alexander

Deloitte Centre, 80 Queen Street, Auckland

Tel: 09 375 5998

Non-Executive Directors

Kaw Sing Chai

Solicitors

Say Chan Law

Anthony Harper

Ewe Leong Lim

Chorus House, 66 Wyndham Street

Auckland
Registered Office

Level 17, 191 Queen Street
Auckland

Bankers
ASB Bank Limited

Tel: 0800 379 9090

ASB, North Wharf, 12 Jellicoe Street, Auckland


Company Number

Auditor

1474151

William Buck


Level 4

Incorporated

21 Queen Street

22 January 2004

Auckland 1010


Shares Issued

439,830,488 Ordinary

---

13 December 2019



NZX Release Interim Results

BLACKWELL GLOBAL HOLDINGS LIMITED – BGI reports its Interim result for the
6-month period ended 30 September 2019.

Ends



For more information, please contact:
Mark Thornton
Chief Executive Officer
+64 9 302 2618

---

Template
Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at 8 May 2019


Results for announcement to the market
Name of issuer Blackwell Global Holdings Limited
Reporting Period 6 months to 30 September 2019
Previous Reporting Period 6 months to 30 September 2018
Currency NZD

Amount (000s) Percentage change
Revenue from continuing
operations
$NZ336 44.2%
Total Revenue $NZ336 44.2%
Net profit/(loss) from
continuing operations
$NZ(324) (4.8)%
Total net profit/(loss) $NZ(324) (4.8)%
Interim/Final Dividend
Amount per Quoted Equity
Security
It is not proposed to pay dividends
Imputed amount per Quoted
Equity Security
Not applicable
Record Date Not applicable
Dividend Payment Date Not applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.15 $0.28
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
This announcement is extracted from BGI’s unaudited interim financial
statements as at and for the six months ended 30 September 2019. A
copy of these unaudited interim financial statements is attached to this
announcement.
Authority for this announcement
Name of person

authorised
to make this announcement
Mark Thornton
Contact person for this
announcement
Mark Thornton
Contact phone number 021 723766
Contact email address Mark.thornton@nzf.co.nz
Date of release through MAP

13/12/2019

Unaudited financial statements accompany this announcement.