Business
Interim Results
Interim Results.
About this update from Roadside Real Estate Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5604G\n Barkby Group PLC\n 30 March 2022\n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.\n \n \n \n \n \n 30 March 2022\n \n \n The Barkby Group PLC\n \n \n (\"Barkby\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n Interim Results\n \n \n \n for the 26 weeks ended 30 December 2021\n \n \n \n \n \n \n Barkby Group PLC (AIM:BARK), the diversified business group, announces its unaudited interim results for the period ended 30 December 2021. \n \n \n \n \n \n Charles Dickson, Executive Chairman of the Barkby Group, commented:\n \n \n \n \n \n \"I am delighted to report that the Group generated underlying earnings of £1 million for the 26 weeks to 30 December 2021.\n \n \n \n \n \n This has predominantly been driven by Barkby's Real Estate business, with several schemes progressing during the period. Following successful planning applications and the completion of multiple agreements to lease, we completed land acquisitions at Wellingborough and Malden and will now commence development at these sites. The successful planning applications and agreements to lease have resulted in a valuation uplift of £1.2 million across the two schemes.\n \n \n \n \n \n We expect to complete the sale of our residential site at Saffron Waldon prior to our year end and we have a fully consented roadside development in Huntingdon where we plan to start construction later this year. Finally, we are in discussions to add significantly to our commercial development pipeline. \n \n \n \n \n \n Despite the disruption of Omicron in November and December, trade at our pubs has grown steadily since trading restrictions were removed. The Pub Group generated earnings of £171,000 for the period.\n \n \n \n \n \n We look forward to further progress as we focus on building out our property development pipeline and expanding our pub business.\"\n \n \n \n \n \n \n \n \n OPERATIONAL HIGHLIGHTS \n \n \n \n \n \n Commercial property division\n \n \n \n \n \n \n · \n W...