Minoan Group PLC, Annual General Meeting, Apr 26, 2013., at 11:30 GMT Standard Time. Location: the offices of Pinsent Masons LLP.

Minoan Group PLC announced consolidated earnings results for the year ended October 31, 2012. For the year, the company reported revenue of £37,379,000 compared to £7,388,000 a year ago. Loss before taxation was £1,347,000 compared to £1,615,000 a year ago. Loss for period attributable to equity holders of the company was £1,371,000 or 1.14 pence per share compared to £1,615,000 or 1.77 pence per share a year ago. Net cash used in operating activities was £1,022,000 compared to £812,000 a year ago. Purchase of property, plant and equipment was £45,000 compared to 565,000 a year ago. The loss before taxation includes a share based payments charge of £290,000, which is an accounting charge required by IFRS that involves no outflow of cash.

Minoan Group PLC seeks acquisitions. "The fast-expanding travel business is performing well, delivering increases in both revenues and profits, and with the recent agency additions now integrated there are firm foundations for further strong growth, both organically and through more acquisitions. Our travel business continues to examine selective acquisition targets, which we will pursue to the extent that they are expected to be earnings enhancing," said Minoan Chairman, Christopher Egleton.