Business
Final Results
Final Results.
About this update from Mountview Estates P.l.c.
[{"type":"text","content":"\n \nRNS Number : 9647H Mountview Estates PLC 27 June 2013 \n \n\nEmbargoed: 07.00a.m. 27 June 2013\nMOUNTVIEW ESTATES P.L.C.\nFinal Results for the year ended 31 March 2013\n \n \nMOUNTVIEW ESTATES P.L.C.\n \nCHAIRMAN'S STATEMENT\n \nI am pleased to report strongly increased profits for the year ended 31 March 2013; profit before tax was £28.9m (2012: £22.8m) an increase of £6.1m. \n \nIn my statement last year I reported that Mountview continued to record good financial performance against the backdrop of a very challenging economic climate. The economic climate continues to be far from easy and so an increase in profits in excess of 25% must be considered a substantial achievement. \n \nYour Board is able to recommend an increased final dividend of 125 pence per share in respect of the year ended 31 March 2013 which is payable on 19 August 2013 to shareholders on the Register of Members as at 19 July 2013. This will make a total dividend for the year ended 31 March 2013 of 175 pence per share (2012: 165 pence per share) which is more than three times covered by the earnings per share. \n \nDuring the year under review we have continued to make good purchases and have enjoyed strong growth in sales. Our financial resources are well managed which keeps us in good position to take advantage of suitable opportunities when they come along. Recently recruited personnel are developing well and I am confident that the future of the Company is in the hands of a good team. \n \nIn our second interim management statement we reported the sudden death of Keith Langrish-Smith. Keith had joined the Company in 1974 and was married to Elizabeth (one of the twin daughters of Frank Sinclair, co-founder of the Company). He had planned to retire at the end of the Company's financial year, but died unexpectedly on 17 December 2012. Keith's easy going and affable demeanour is missed by everyone. Indeed he may prove to have been one of the last members of the family to have served in the management of the Company. \n \nKeith's loyalty and dedication to the Company is perhaps uncommon in this day and age and it may be that it could only be expected from a family member. Nevertheless I have a fine team around me and I thank them all for their efforts throughout the ...