Business
Final Results - Replacement
Final Results - Replacement.
About this update from Mj Gleeson Plc
[{"type":"text","content":"\n RNS Number : 1762T Gleeson(M J)Group PLC 23 September 2010 \n \n\nThursday 23 September 2010\n \nThe following amendment has been made to the \"Preliminary Announcement\" of results released at 7am today under RNS Number 1576T\n \nThe Non-cash valuation write down of land and work in progress for 2010 contained in the analysis of Gleeson Regeneration & Homes' exceptional items within the \"Business Review\" section should read £2.8million.\n \nAll other details of the announcement remain unchanged.\n \nThe full amended text is shown below.\n \n \nMJ GLEESON GROUP PLC - PRELIMINARY ANNOUNCEMENT\n \nGleeson (GLE.L), the urban regeneration and strategic land specialist, announces its results for the year to 30 June 2010. \n \n\n\n\n\n\n\n\n2010\n\n\n2009\n\n\n\n\n\n\n\n£m\n\n\n£m\n\n\n\n\n\n\n\n\n\n\nRestated*\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n46.5\n\n\n43.0\n\n\n\n\nOperating loss\n\n\n(0.3)\n\n\n(51.6)\n\n\n\n\nProfit/(loss) before tax\n\n\n0.4\n\n\n(50.7)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash generated / (utilised) from operating activities\n\n\n14.2\n\n\n(20.4)\n\n\n\n\nDividend paid\n\n\n7.9\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet cash\n\n\n18.4\n\n\n10.9\n\n\n\n\nNet assets \n\n\n97.8\n\n\n102.4\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic and diluted EPS\n\n\n6.0p\n\n\n(98.7)p\n\n\n\n\nNet assets per share\n\n\n186p\n\n\n195p\n\n\n\n\n * For details of the restatement see note 9\n \nFinancial highlights\n \n· Revenue from continuing operations increased by 8% to £46.5m (2009: £43.0m).\n· Profit before tax includes an exceptional credit of £3.5m (2009: charge £41.3m), due to the partial reversal of asset valuation write-downs\n· Cash generated from operations £14.2m (2009: utilised £20.4m)\n· Special dividend of 15p per share was paid in March 2010 at a cost of £7.9m (2009: £nil).\n \nCommercial highlights\n \n· Gleeson Regeneration & Homes made an operating loss of £1.3m (2009: £33.3m) on revenue of £22.7m (2009: £39.8m). The operating loss included exceptional credits of £2.8m (2009: charge...