Business
Preliminary Results for year ended 31 March 2016
Preliminary Results for year ended 31 March 2016.
About this update from Mountview Estates P.l.c.
[{"type":"text","content":"\n \nRNS Number : 3302B Mountview Estates PLC 16 June 2016 \n\n \n \nMOUNTVIEW ESTATES P.L.C.\n \nPreliminary Results for the year ended 31 March 2016\n \nCHIEF EXECUTIVE OFFICER'S STATEMENT\n \nDuring the financial year ended 31 March 2016 revenue has increased by 11.9%, gross profit has increased by 13.5%, and profit before tax has increased by 21%. This has enabled earnings per share to increase by 21.7% to 993 pence which covers the increased dividend per share 3.3 times. The recommended final dividend of 100 pence per share in respect of the year ended 31 March 2016 will be payable on 15 August 2016 to Shareholders on the Register of Members as at 15 July 2016. The total dividends for the year at 300 pence per share will have increased by a further 9.1% when compared with the previous year.\n \nThere are as ever economic uncertainties and we cannot influence the macro-economic situation, but Mountview has strong foundations. Borrowings have been further reduced and we continue to make good purchases. We research all opportunities thoroughly and I believe that we can contemplate the future with confidence. \n \nDuncan Sinclair\n16 June 2016\n \n \n \nMOUNTVIEW ESTATES P.L.C.\n \nFINANCIAL HIGHLIGHTS\n \n \n \n \n \n\n\n\n\n \n\n\n \n2016\n\n\n \n2015\n\n\n \nIncrease\n\n\n\n\n \n\n\n£\n\n\n£\n\n\n%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue (millions)\n\n\n79.8\n\n\n71.3\n\n\n11.9\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGross Profit (millions)\n\n\n53.0\n\n\n46.7\n\n\n13.5\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit Before Tax (millions)\n\n\n48.4\n\n\n40.0\n\n\n21.0\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProfit Before Tax excluding investment properties revaluation (millions)\n\n\n46.9\n\n\n40.0\n\n\n17.3\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEquity Holders' Funds (millions)\n\n\n311.8\n\n\n287.7\n\n\n8.4\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEarnings per share (pence)\n\n\n992.9\n\n\n816.0\n\n\n21.7\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet assets per share (£)\n\n\n79.9\n\n\n73.8\n\n\n8.3\n\n\n\n\n \n\n\n \n\...