Braveheart Investment Group plc reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the six months, the company reported total income of £1,578,000 against £550,000 for the same period of last year. Profit before tax was £67,000 against loss before tax of £842,000 for the same period of last year. Profit for the period and total comprehensive loss for the period attributable to equity holders of the parent was £67,000 or 0.32 cents per basic and diluted share against loss for the period and total comprehensive loss for the period attributable to equity holders of the parent £844,000 or 4.91 cents per basic and diluted share for the same period of last year. Net cash used in operating activities was £218,000 against £166,000 for the same period of last year.

The company announced that Garry Watson has informed the Board that he will be stepping down as Chairman from the end of the current financial year March 31, 2013. The company confirmed that Jeremy Delmar-Morgan, who has been a non-executive Director since 2008, has agreed to become Chairman as from April 1, 2013.  Jeremy has had a distinguished City career, currently being Chairman of Allenby Capital and The Brendoncare Foundation, and a Director of the London Symphony Orchestra Endowment Trust.