14th Feb 2008 09:53
Mountview Estates PLC14 February 2008 Interim Management Statement - 14 February 2008 Although total revenue for the three months to 30 June 2007 was higher than forthe same period of the previous year, the housing market has since weakened. The main feature of the Interim Management Statement issued on 15 August 2007was the strength of the Group's purchasing activity. This trend has continuedand purchases for the nine months to 31 December 2007 exceeded £40 million.Furthermore on 31 January 2008 we completed the £43 million purchase of theMagdalen Park Estate in Earlsfield (south west London). The Group's loan from Barclays Bank is now £75 million and facilities with HSBCBank have also been renegotiated. Interest charges will inevitably be muchincreased but purchases of this quality secure the future of the Company. The interim dividend of 50 pence per share is payable on 31 March 2008 and thepreliminary announcement of the full year's results for the Group will be madeon 26 June 2008. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mountview Est.