MOUNTVIEW ESTATES PLC

Earnings Release • Aug 13, 2014

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RNS Number : 9454O

Mountview Estates PLC

13 August 2014

Embargoed: 07.00a.m. 13 August 2014

Mountview Estates P.L.C.

Mountview Estates P.L.C.

Interim Management Statement - 13 August 2014

Mountview Estates P.L.C. ("the Group"), which holds its AGM at 11.30a.m. today, publishes its Interim Management Statement covering the period from the beginning of the Group's financial year, 1 April 2014 to date.

Results for the first three months show earnings per share up by almost 60% compared with the corresponding period last year. Turnover is up by over 25% and finance costs are down. We have made a strong start to the Group's financial year.

Purchases have not been easy to find, but the management team continue to look at all potential acquisition opportunities in the core business and having re-financed our banking facilities, we are well-funded. Gearing remains modest.

There have been no significant changes to the Group's financial position since the publication of its Report and Accounts for the year ended 31 March 2014.

The Group's interim results, for the six months ending 30 September 2014, will be announced on 27 November 2014.   

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