Business
Preliminary Results for year ended 31 March 2017
Preliminary Results for year ended 31 March 2017.
About this update from Mountview Estates P.l.c.
[{"type":"text","content":"\n \nRNS Number : 1272I Mountview Estates PLC 15 June 2017 \n\nEmbargoed 07.00a.m. 15 June 2017\nFinal Results\n \n \nMOUNTVIEW ESTATES P.L.C.\n \nPreliminary Results for the year ended 31 March 2017\n \nCHIEF EXECUTIVE OFFICER'S STATEMENT\n \nWhen I was writing this statement last year we had suffered the immediate effects of the 3% increase in stamp duty and were continuing to suffer the on-going effects of it. We had also suffered the uncertainties of the referendum campaign and were now being warned about the possible effects of \"Brexit\". Whilst some of the trade figures have been encouraging since the \"Brexit\" vote, we have since had the uncertainties generated by a general election campaign. The general election result has done nothing to inspire the confidence that we all crave.\n \nWith continuing uncertainties in the macro-economic situation we must rely upon our own sound strategies to ensure further prosperity for the Company. We keep our gearing low and are thus able to take advantage of good purchasing opportunities when they occur. We have made more purchases in the financial year ended 31 March 2017 compared with the previous year and with strong sales revenue since 1 October 2016 we have come close to matching the outstanding results of year ended 31 March 2016.\n \nWith these very sound results we are able to maintain the total dividends for the year at 300 pence per share which are still more than three times covered. The recommended final dividend of 100 pence per share in respect of the year ended 31 March 2017 will be payable on 14 August 2017 to shareholders on the Register of Members as at 14 July 2017.\n \nMany of my staff have shown outstanding loyalty and have played major roles in bringing the Company to its present position of great strength. I respect also those who have brought their talents to the Company more recently. Together they make a wonderful team and I believe that we can look forward to the future with confidence.\n \n \nDuncan Sinclair\n15 June 2017\n \n \n \nMOUNTVIEW ESTATES P.L.C.\n \nFINANCIAL HIGHLIGHTS\n \n\n\n\n\n \n\n\n \n2017\n\n\n \n2016\n\n\n \n(Decease)/Increase\n\n\n\n\n \n\n\n£\n\n\n£\n\n\n%\n\n\n\n\n \n\n\n...