DGAP-News: Haldane McCall Plc: Haldane McCall PLC announced 9-month results to 30/09/12
(firmenpresse) - DGAP-News: Haldane McCall Plc / Key word(s): Quarter
Results/Miscellaneous
Haldane McCall Plc: Haldane McCall PLC announced 9-month results to
30/09/12
19.10.2012 / 09:00
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Press Release
Haldane McCall PLC announced 9-month results to 30/09/12
Profit before tax of EUR 5.8 Million, an Increase of 93 % from the 9-month
results of 2011
Douglas, Isle of Man, 19th October 2012 Haldane McCall PLC (Frankfurt: WKN
A1J3U8, HMK1), a European Company investing in emerging markets Africa
today reports its unaudited quarter three results for the nine months ended
30 September 2012.
Results highlights
Growth in revenue from African emerging markets fast growing operations and
profitable company with strong and reliable earnings·Turnover increased to EUR18m ahead of the Q3 projections by EUR1.4m
due mainly from phase 1 affordable homes sales and better hotels occupancy
rates·Profit before tax increased to EUR5.8m ahead of the Q3 due mainly to
one off profits from the sales of UK property holdings. An Increase of 93 %
compared to the 9-month profit before tax of EUR 3 Million in 2011
. Net Assets up by EUR4m to EUR78.7m (31 December 2011: EUR74.7)·Cash balances dropt to EUR4.8m (31 December 2011: EUR6.7m) due to
debts servicing, debts repayments and investments activities.·On track to deliver EUR1m of cost savings for the full year.·Phase 2 of affordable homes program of 1,000 new homes to commence
in January 2013 with 10% sold off plan,·Steady demand for hotel rooms, Occupancy rates up 4.25% year on year
due to the high season.
. On track to outperform projections across the group for the full
year.
. Following EOAGM approved interim dividend payment of EUR0.0125 per
share Ex June 2012. Payments of EUR 1,677m was remitted to shareholders
during week commencing 8th October 2012
. The company plan to build a Leisure complex in Lagos for USD10m in
the next 12months that will impact future revenue
. A new 35 bedroom Suru Express Hotels opened in Lagos that will
impact full year earnings
. Following Board approval Prolific Micro Finance Bank will commence on
lending to other bank at 2.5% per month fully secure commencing January
2013.
. Appoints Peter Koch Bank as adviser for Frankfurt listing and
Stuttgart listing following AGM approvals. Final Approval is imminent on
its Prospectus to raise additional funds by public offer.
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 (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
statementsthat 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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