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Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V. — Management Reports 2014
May 15, 2014
9968_ir_2014-05-15-145200_fddb4657-01a8-4603-a3dd-1325975a20b2.pdf
Management Reports
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PALMBOOMEN CULTUUR MAATSCHAPPIJ - MOPOLI N.V.
INTERIM MANAGEMENT STATEMENT
(Period from 01/07/2013 to 31/03/2014)
During the period, the profit amount 5.952 thousand EUR (including interim dividend of Socfin).
Mopoli Luxembourg has been dissolved. The liquidation surplus were distributed, generating exceptional results for 5.448 thousand EUR.
Financial incomes have increased (300 thousand EUR compared to 114 thousand for the previous accounting year) due to the increase of the short term interest rate.
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 2014, 5.444 ordinary shares and 208 Founder's shares have been buy back by Mopoli.
Mopoli expects a re-evaluation of its available for sales instruments with a net negative impact of 2,1 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,