Business
Half Yearly Report
Half Yearly Report.
About this update from Artisanal Spirits Company Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 6862D Artisan (UK) PLC 28 March 2011 \n \n\n28 March 2011\n \nARTISAN (UK) PLC\n \nUNAUDITED INTERIM STATEMENT FOR THE SIX\nMONTHS ENDED 31 DECEMBER 2010\n \nLondon, 28 March 2011: Artisan (UK) plc (\"Artisan\" or \"the Group\"), the AIM listed house builder, commercial property developer and property investor, announces its unaudited interim results for the six months ended 31 December 2010.\n \n \n \n· Revenue down from £4.2m to £2.8m in the six months to 31 December 2010\n \n· Operating loss before finance and tax for the period of £0.8m (2009: £0.5m loss) \n \n· Loss per share 8.17p (2009: 5.38p loss)\n \n· Some improvement in potential demand in residential housing division since the period end although the lack of mortgage availability and on-going economic uncertainty is still a drag on demand \n \n· Operating loss in residential business before central charges flat at £0.4m (2009: £0.4m loss)\n \n· Commercial property build activity held back. Turnover at £0.3m (2009: £0.6m) generating an operating loss before central charges of £0.2m (2009: £0.3m loss)\n \n \nMichael W. Stevens, Chairman of Artisan (UK) plc commented:\n \n \"The market for some months has been 'bumping along the bottom', but we see some signs of improvement. We will continue to manage the business by balancing sales, production and cash flow. The outlook for the Group remains dependent on future market conditions and the availability of financing, but we firmly believe that underlying demand and the desire for new housing products and for new, modern, efficient commercial space remains strong.\" \n \n \n \nFor further information please contact:\n \n \n\n\n\n\nArtisan (UK) plc\nChris Musselle\n \n\n\n \nChief Executive \n \n\n\n \n01480 436666\[email protected]\n \n\n\n\n\nAltium Capital Limited\nAdrian Reed\nAdam Sivner\n \n\n\nNominated advisers\n \n\n\n0845 505 4343\n\n\n\n\nBankside Consultants\nSimon Rothschild\n\n\nFinancial PR advisers\n\n\n020 7367 8888\n07703 16706...