EcoVista PLC
EcoVista PLC: INTERIM RESULTS FOR THE SIX MONTHS TO 28th February 2018
EcoVista PLC (EVTP) ECOVISTA PLC (“Ecovista” or “the Company”)
INTERIM RESULTS FOR THE SIX MONTHS TO 28th February 2018
Chairman’s statement
I have great pleasure in announcing the Company’s interim results.
The unaudited financial results for the 6 months to 28th February 2018 show a loss of GBP 6,280 (12 months ended 31st August 2017: £887,306).
CASH FLOW AND FUNDING
Cash in hand at 28th February 2018 of £73,960, which together with the capital raised post this financial period, under analysis adequately covers routine running expenses.
OUTLOOK
The building of the 5 bedroom, 4,500sq. ft. property at 100 Rye Street continues. The external build is nearing completion and the internal works have recently started. It is expected that the property will be completed by September.
The Company purchased an 80% share of Start Hill Limited, a company that owns a 4 bedroom detached property, near to Stansted Airport. In addition to this we secured an option on the neighbouring property and land. We are working with architects and planners to maximise use and profitability of this area and are currently considering a number of options.
The company continues to support its interest in Cignella Srl. We will continue to look at any opportunities to secure further funding in order to exercise our option on Cignella Srl.
The directors are also actively seeking further property investments – commercial and residential in the UK to enhance shareholder value. We thus look to the future with confidence.
Louise Stokely Chairman
31 May 2018
The directors of Ecovista accept responsibility for this announcement. For further information:
ECOVISTA Plc Tel: +44 (0) 1279 654151
NEX EXCHANGE CORPORATE ADVISER: Alexander David Securities Limited David Scott – Corporate Finance James Dewhurst – Institutional Sales Telephone: +44 (0) 20 7448 9820 http://www.ad-securities.com 49 Queen Victoria Street, London EC4N 4SA
ECOVISTA PLC CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 28 FEBRUARY 2018
ECOVISTA PLC CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE PERIOD ENDED 28 FEBRUARY 2018
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ISIN: | GB00B0W5NJ22 |
Category Code: | IR |
TIDM: | EVTP |
Sequence No.: | 5606 |
EQS News ID: | 691451 |
End of Announcement | EQS News Service |