Business
Interim Report - 6 months end
Interim Report - 6 months end.
About this update from Cardiff Property Plc
[{"type":"text","content":"\n RNS Number : 9902K Cardiff Property PLC 29 April 2010 \n \n\n \nTHE CARDIFF PROPERTY PUBLIC LIMITED COMPANY\nAND ITS SUBSIDIARIES\n \nFOR RELEASE\n7.00 AM 29 April 2010\n \nTHE CARDIFF PROPERTY PLC\n \nThe group, including Campmoss, specialises in property investment and development in the Thames Valley. The total portfolio under management, valued in excess of £30m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.\n \nCONDENSED CONSOLIDATED FINANCIAL STATEMENTS\nFOR THE SIX MONTHS ENDED 31 MARCH 2010\n \n \nHighlights:\n \n\n\n\n\n\n\n\n\n\n\nSix months\n31 March\n2010\n(Unaudited)\n\n\nSix months\n31 March\n2009\n(Unaudited)\n\n\nYear\n30 September\n2009\n(Audited)\n\n\n\n\n \n\n\n\n\nRevenue\n\n\n£'000\n\n\n474\n\n\n884\n\n\n1,153\n\n\n\n\nProperty sales\n\n\n£'000\n\n\n198\n\n\n592\n\n\n592\n\n\n\n\nNet assets per share\n\n\npence\n\n\n1,088\n\n\n1,167\n\n\n1,065\n\n\n\n\nProfit/(loss) before tax\n\n\n£'000\n\n\n722\n\n\n757\n\n\n(656)\n\n\n\n\nEarnings/(loss) per share\n\n\npence\n\n\n32.0\n\n\n34.6\n\n\n(57.7)\n\n\n\n\nInterim/final dividend\n per share\n\n\n \npence\n\n\n \n3.3\n\n\n \n3.3\n\n\n \n9.0\n\n\n\n\nGearing\n\n\n%\n\n\nNil\n\n\nNil\n\n\nNil\n\n\n\n\n \n \nRichard Wollenberg, Chairman, commented:\n \n\"The availability of office space in the Thames Valley has continued to increase during the last six months. Agents are reporting a small increase in the number of enquiries, and some lettings, primarily on second hand space, have taken place. However, rental levels have not seen any recovery and, in many cases, are still around 40% lower than those achieved two years ago.\"\n \n \nFor further information:\n \n\n\n\n\nThe Cardiff Property plc\n\n\nRichard Wollenberg\n\n\n01784 437444\n\n\n\n\nArbuthnot Securities\n\n\nRichard Johnson\n\n\n020 7012 2000\n\n\n\n\n\n\n\n\n\n\n \n\n\nTHE CARDIFF PROPERTY PLC\n \nCONDENSED CONSOLIDATED FINANCIAL STATEMENTS\nFOR THE SIX MONTHS ENDED 31 MARCH 2010\n \nINTERIM MANAGEMENT REPORT\n \nThe availability of office space in the Thames Valley has continued to increase during the last six months. Part of this a...