Business
Preliminary Results 2009
Preliminary Results 2009.
About this update from Mindflair Plc
[{"type":"text","content":"\n RNS Number : 3715J Oak Holdings PLC 30 March 2010 \n \n\nPRELIMINARY RESULTS 2009\n \nOak Holdings plc (\"Oak\" or the \"Company\"), the leisure business operator and YES! Project developer, is pleased to announce its audited results for the year ended 31 October 2009.\n \nFinancial Highlights:\n \n· Revenue of £761,784 (2008: £25,073)\n \n· Pre-tax profit of £325,818 (2008: pre-tax loss of £791,515)\n\n· £1.5 million fundraising achieved post year end\n \nOperational Highlights:\n\n· Oak successfully repositioned as leisure business operator with property potential\n\n· Operational lease secured at Rother Valley Country Park\n\n· Ringwood Town & Country Experience acquisition completed\n\n· Application to extend planning permission for the YES! Project submitted\n\n· First pre-let signed for the development\n \n· Ongoing discussions with hotel groups in respect of further pre-lettings\n\nMalcolm Savage, Chairman of Oak, said: \"The outlook for Oak is a great deal brighter than it was 12 months ago. The repositioning of the Company as a revenue generating leisure business, creating value through trading and property investment activities, augurs well for shareholders. The directors are confident that this will enable Oak to take advantage of current market opportunities as they arise, whilst continuing to retain the longer term value of its property development potential.\"\n \nFor further information, please contact:\n \n\n\n\n\nOak Holdings plc\n\n\nTel: 020 7493 5522\n\n\n\n\nSteve Lewis, Chief Executive\n\n\[email protected]\n\n\n\n\nMike Williams, Director\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000 \n\n\n\n\n\n\n\n\n\n\n\n\nRawlings Financial PR Limited\n\n\nTel: 01653 618 016\n\n\n\n\nCatriona Valentine\n\n\[email protected]\n\n\n\n\nKeeley Clarke\n\n\[email protected]\n\n\n\n\n\n\n\nwww.rawlingsfinancial.co.uk\n\n\n\n\n \nAbout Oak\n \nOak is an asset-based leisure business operator with significant property development potential.&...