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Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V. — Management Reports 2016
Feb 24, 2016
9968_ir_2016-02-24-141100_fdc9a229-5cfb-43a6-abc5-1359557fd2d9.pdf
Management Reports
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PALMBOOMEN CULTUUR MAATSCHAPPIJ - MOPOLI N.V.
INTERIM MANAGEMENT STATEMENT
(Period from 01/07/2015 to 30/09/2015)
During the period, the operating profit amounts to 316 thousand EUR (excluding the interim dividend of Socfin).
Financial incomes amounted to 353 thousand EUR higher than previous year. This is due to the good level of the loan 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 30th September 2015, 5.447 ordinary shares and 212 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 0,4 million EUR on the 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,