Business
Unaudited Interim Results for 6m ended 30 Sep 2023
Unaudited Interim Results for 6m ended 30 Sep 2023.
About this update from Mountview Estates P.l.c.
[{"type":"text","content":"\n\nMountview Estates P.L.C.\nHalf Year Report\n23 November 2023\n \n \nMOUNTVIEW ESTATES P.L.C.\n \n(\"Mountview\" or \"the Group\" or \"the Company\")\n \nUNAUDITED INTERIM RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2023\n \nMountview is pleased to announce its unaudited interim results for the six months ended 30 September 2023.\n \n \nOUR PERFORMANCE\n \nTurnover at £39.2 million up by 5.5% (2022 - £37.2m)\n \nGross profit at £24.2 million up by 13.9% (2022 - £21.3m)\n \nProfit before tax at £19.9 million up by 9.3% (2022 - £18.2m)\n \nEarnings per share at 382.7 pence up by 1.1% (2022 - 378.4p)\n \nNet assets per share at £101.5 down by 0.7% (2022 - £102.2)\n \n \n \nDIVIDEND INFORMATION\n \nMountview Estates P.L.C. advises its shareholders that, following the issue of the interim results, the relevant dates in respect of the interim dividend payment of 250p per share are as follows:\n \n \nEx-dividend date - 15 February 2024\n \nRecord date - 16 February 2024\n \nPayment date - 25 March 2024\n \n \n \nCHIEF EXECUTIVE OFFICER'S STATEMENT\n \nAt the Annual General Meeting held on 9 August 2023 those shareholders deemed to be independent exercised their right to reject the re-election of Mr. Anthony Powell and Ms. Mhairi Archibald as independent non-Executive Directors. At the General Meeting held in accordance with the Listing Rules of the Financial Conduct Authority on 20 November 2023, when all shareholders were entitled to vote, it was resolved to re-elect Mr. Anthony Powell and Ms. Mhairi Archibald as Directors of the Company. Thus the status quo is maintained.\n \nTRADING\nDespite the economic difficulties being suffered throughout the country the Company's gross profit for the six months ended 30 September 2023 has increased by 13.9% and profit before tax by 9.3%. The rise of over 30% in corporation tax from 19% to 25% is the main, if not only, reason that earnings per share have risen only by 1.1%.\nOur purchasing activity has remained strong during these six months and our financial strength should enable us to continue to take advantage of good purchasing opportunities.\nWith a staff of less than thirty we are a tiny company but th...