DGAP-News: Haldane McCall Plc: Haldane McCall PLC announced Unaudited results to 30/06/12
(firmenpresse) - DGAP-News: Haldane McCall Plc / Key word(s): Half Year
Results/Miscellaneous
Haldane McCall Plc: Haldane McCall PLC announced Unaudited results to
30/06/12
15.08.2012 / 12:04
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Press Release
Haldane McCall PLC announced Unaudited results to 30/06/12
Haldane McCall PLC, a European Company investing in emerging markets Africa
today reports its results for the six months ended 30 June 2012.
Results highlights
Growth in revenue from African emerging markets fast growing operations and
profitable company with strong and reliable earnings.·Profit before tax increased to EUR4.3m ahead of the Q2 projections
by EUR3.7m due mainly to one off profits from the sales of UK property
holdings.·Turnover increased to EUR11.9m ahead of the Q2 projections by
EUR0.9m
. Net Assets up by EUR4.2m to EUR78.9m (31 December 2011: EUR74.7)
due mainly to debts repayments.·Cash balances dropt by EUR1.2m to EUR5.5m (31 December 2011: EUR6.7m)
due to debts servicing·On track to deliver EUR1m of cost savings for the full year.·Phase 1 of new homes program completed following Commencement of
1,000 new homes with over 7.5% sold off plan,·Steady demand for hotel rooms, Occupancy rate up 4% year on year.
. On track to outperform projections across the group for the full
year.
. EOAGM approved interim dividend payment of EUR0.0125 per share.
Payments to shareholders will be made during September following
verification by Computershare.
. EOAGM approved share buyback program of 5million shares.·Appoints Peter Koch Bank as adviser for Frankfurt listing and
Stuttgart listing following AGM approvals.·A new 35 bedroom Suru Express Hotels opened in Lagos that will
impact full year earnings
ABOUT HMK
Haldane McCall PLC is a European Company investing in emerging markets,
primarily in Africa. HMK invests in real estate in the low cost housing
segment in West Africa. The Group operates the Best Western hotel brand in
West Africa. The Company owns Best Western hotels and controls several
others via franchise licensing in Nigeria. HMK operates own Suru Express
hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru
Homes Ltd.) and dedicated financial services (Independent Prolific Micro
Finance Bank Ltd.) to provide a full package -from financing to sale- to
the lower income population in Africa. In addition HMK invests in real
estate and hotels in selected European metropolises.
Please send enquiries to: info(at)haldanemccallplc.com or
Visit our website: www.haldanemccallplc.com
Safe Harbor Statement; The statements contained herein are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the forward-
looking statements, including, but not limited to, certain delays beyond
the company's control with respect to market acceptance of new technologies
or products, delays in testing and evaluation of products, and other risks
detailed from time to time.
End of Corporate News
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181770 15.08.2012
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Datum: 15.08.2012 - 12:04 Uhr
Sprache: Deutsch
News-ID 174755
Anzahl Zeichen: 5104
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