26th Nov 2015 10:11
LONDON (Alliance News) - Mountview Estates PLC, a property trading company, on Thursday reported higher profit and said its outlook is sound.
Pretax profit rose to GBP25.9 million in the six months ended September 30, compared with GBP21.7 million the corresponding half the prior year, as revenue rose to GBP42.8 million from GBP36.9 million and administrative expenses fell to GBP2.0 million from GBP2.4 million.
"The outlook for the company is sound with financing in place to take advantage of any good purchasing opportunities which occur. We can never control the macro-economic situation and presently Europe is experiencing troubled times, but we remain optimistic," Chief Executive Duncan Sinclair said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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