RETAIL HOLDINGS N.V. INTRODUCES 2022 OUTCOMES

January 12, 2023

UPDATES LIQUIDATION INITIATIVE

WILLEMSTAD, Curacao, Jan. 12, 2023/ PRNewswire/– Retail Holdings N.V. (Icon: RHDGF) – Retail Holdings N.V. (the “Firm”, along with its subsidiaries, the “Team”), introduced today outcomes for the year finished December 31, 2022 as well as upgraded the Firm’s liquidation initiative.

Investors must review the full 2022 Recap Yearly Record as well as the going along with Financial Statements as well as Notes, which are readily available at the Corporate/Investor area of the Retail Holdings’ site www.retailholdings.com as well as can be acquired at no cost using mail or e-mail demand to Amy Pappas, Corporate Assistant, at the call information showed listed below.

Monitoring Conversation as well as Evaluation: Outcomes of Procedures, 2022

Adhering to the divestment of the India service in December 2021, the Team has no continuing to be proceeding procedures. All earnings as well as costs are consisted of in Ceased procedures. For the year finished December 31, 2022, the loss from Ceased procedures, internet of tax obligations, was $ 439 thousand This contrasts to earnings from Ceased procedures of $ 334 thousand, as well as loss from Proceeding procedures of $ 503 thousand, or a bottom line from Proceeding as well as Stopping procedures for the year finished December 31, 2021 of $ 169 thousand

The loss attributable to the Firm’s investors is $ 373 thousand for the year finished December 31, 2022, contrasted to an attributable loss of $ 259 thousand for the exact same duration previous year. A loss of $ 66 thousand is attributable to non-controlling passions for the year finished December 31, 2022, as contrasted to an attributable revenue of $ 90 thousand for the year finished December 31, 2021 The loss attributable to the Firm’s investors amounts a loss per Share of $ 0.08 for the year finished December 31, 2022, contrasted to a loss of $ 0.06 per Share attributable to the Firm’s investors for the year finished December 31, 2021

Chairman’s Remarks

Talking About the Firm’s contemplated liquidation, Stephen H. Goodman, the Firm’s Chairman, Head of state, as well as chief executive officer kept in mind, “With the divestment of the Team’s last operating service in December 2021 as well as the liquidation of every one of the Team’s intermediate holding business in 2022 as well as extremely early 2023, the Firm will certainly currently continue in the direction of the liquidation of the best moms and dad business, Retail Holdings N.V. There are variety of concerns in the liquidation still to be fixed. As soon as these concerns have actually been resolved, information of the recommended regards to the liquidation will certainly be described in a News release.

” I thank my fellow staff members as well as supervisors for their initiatives in 2022 as well as give thanks to every one of the Firm’s investors for their assistance throughout the duration from the Firm’s appearance in a personal bankruptcy case in the USA in 2000.”

RETAIL HOLDINGS N.V. AS WELL AS SUBSIDIARIES

CONSOLIDATED DECLARATION OF EARNINGS– LIQUIDATION BASIS
FOR THE YEAR FINISHED DECEMBER 31
In hundreds of united state Dollars

2022

2021

Proceeding procedures

Profits

487

Price of sales

Gross revenue

487

Various other earnings

37

Offering as well as management costs

( 1,024)

Various other costs

( 4 )

Arise from running tasks

( 504 )

Financing earnings

1

Web money earnings

1

Loss from proceeding procedures, internet of tax obligation

( 503 )

Earnings/( Loss) from stopped procedures, internet of tax obligation

( 439 )

334

Loss for the year

( 439 )

( 169 )

Earnings/ (Loss) attributable to:

Proprietors of Retail Holdings

( 373 )

( 259 )

Non-controlling passions

( 66 )

90

Loss through

( 439 )

( 169 )

Loss per Share- Proprietors of the Firm ( United State Dollars)

( 0.08 )

( 0.06 )

Loss per Share – Proceeding procedures ( United State Dollars)

( 0.09 )

RETAIL HOLDINGS N.V. AS WELL AS SUBSIDIARIES

CONSOLIDATED DECLARATION OF FINANCIAL SETTING– LIQUIDATION BASIS
AS AT DECEMBER 31
In hundreds of united state Dollars

2022

2021

PROPERTIES

Money

1,337

7,354

Receivables

567

Various Other Properties

13

63

Overall possessions

1,350

7,984

OBLIGATIONS

Accumulated expenses/payables

55

487

Tax obligation payable

49

Severance payable

48

Overall obligations

103

536

EQUITY

Share funding

53

53

Treasury shares

( 7 )

( 7 )

Preserved Incomes

1,201

4,170

Firm investor equity

1,247

4,216

Non-controlling passions

3,232

Overall equity

1,247

7,448

Overall Obligations as well as Equity

1,350

7,984

Cision

Cision

Sight initial material: https://www.prnewswire.com/news-releases/retail-holdings-nv-announces-2022-results-301720858.html

Resource Retail Holdings N.V.

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