Haldane McCall Plc
Haldane McCall Plc: Haldane McCall PLC announced Unaudited results to 30/06/12
Haldane McCall Plc / Key word(s): Half Year Results/Miscellaneous 15.08.2012 / 12:04 --------------------------------------------------------------------- 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@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 --------------------------------------------------------------------- 15.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 181770 15.08.2012
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