Business
2010 Final Results
2010 Final Results.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n RNS Number : 5489M Sutton Harbour Holdings PLC 26 May 2010 \n \n\n \n \nFor Immediate Release 26 May 2010 \nSutton Harbour Holdings plc\nPreliminary Results for the year ended 31 March 2010 \nRecord results from regeneration and marine activities; planned sale of Air-Southwest;\n- Strategic return to core activities\n \nSutton Harbour Holdings plc (\"Sutton Harbour\"), the AIM listed regeneration, infrastructure and transportation specialist, announces preliminary results for the year ended 31 March 2010.\n \nIn his statement to shareholders, Chairman Michael Knight said:\n\"The Group reports record results in its regeneration and marine divisions, against the backdrop of a sharp deterioration of results within the transport sector caused by the difficult economy\" and \"To enable the Group to resource core activities more effectively the board has taken the decision to dispose the airline division Air Southwest\".\n \nFinancial highlights:\n \n· Revenues for the period up to £39.27m (2009: £29.26m)\n· Operating profit before fair value adjustments on investment property of £3.34m (2009: loss of £0.61m)\n· Profit before tax of £2.51m after fair value adjustment on investment property (fair value deficit of £0.54m) (2009: Loss of £3.45m after fair value deficit £2.79m) \n· Proposed final dividend of 1.0p per share (2009: 1.0p)\n· Earnings per share (basic and diluted) of 3.64p (2009: loss of 4.86p)\n· Gearing further reduced to 35.0% (2009: 58.2%)\n· Successful share placing in Septemb...