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Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V. — Earnings Release 2010
May 12, 2010
9968_ir_2010-05-12-163300_19007955-9a58-4beb-a0d3-51921761ded0.pdf
Earnings Release
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PALMBOOMEN CULTUUR MAATSCHAPPIJ - MOPOLI N.V.
INTERIM MANAGEMENT STATEMENT
(Period from 01/07/2009 to 31/03/2010)
During the period, the operating loss amount -22 thousand EUR (including interim dividend of Socfinal).
Financial incomes have deeply decreased (66 thousand EUR compare to 724 thousand for the previous exercise) due the low level of short term interest rates.
The Extraordinary General Meeting hold on the 10th June 2008 authorized the company to buy back its own shares pursuant article 2:98 of the Dutch Civil code. At 31 March 2010, 4.942 ordinary shares and 197 Founder's shares have been buy back by Mopoli.
Mopoli expects a re-evaluation of its available for sales instruments with a net positive impact of 3,9 million EUR on the consolidated equity. Final evaluation will be done at market price at the closing date.
The management do not foresee any specific or noted any new uncertainties that the company should have to face for the end of the current financial year.
The Directors, D. HAAS DIRECTOR, DIRECTOR