2nd Apr 2014 10:48
LONDON (Alliance News) - Sutton Harbour Holdings PLC Wednesday said that storms and heavy flooding in the UK at the beginning of this year did not hit its financial results, and trading for the financial year just ended is expected to be in line with market expectations.
The marine and waterfront regeneration specialists said that trading in the second-half of the year remained steady, despite the bad storms and floods that hit the UK in January and February.
Sutton Harbour said it expects its full-year results for the year ended March 31 to meet expectations, and also said it completed the disposal of an acre of land, with planning consent for a care home facility, located by the former airport site in Plymouth at the end of the year.
"The year end results will also incorporate the non-cash adjustments including the result of the external valuation of the company's property assets as at March 31, and the provision accounting in connection with the Salt Quay House lease," the firm said in a pre-close trading statement.
The company said it expects to release its full-year results in the latter half of June.
Sutton Harbour shares we trading 2.7% higher at 26.70 pence per share Wednesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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