2nd Oct 2009 15:49
SECURED PROPERTY DEVELOPMENTS PLC Rowlandson House 289/293 Ballards Lane London N12 8NP UNAUDITED Results for the period to 30th June 2009
The unaudited results for the six months to 30th June 2009 can be compared with those for the same period in 2008 and for the year 2008 as follows:-
6 months ended 6 months ended Year ended 30th June 2009 30th June 2008 31st December 2008 GBP GBP GBP TURNOVER 72052 76036 143032 Cost of Sales (10765) GROSS PROFIT 72052 76036 132267 Administrative expenses (29293) (96310) (95901) OPERATING (LOSS)/PROFIT FROM 42759 (20274) 36366 CONTINUING OPERATIONS Interest received 3260 6074 26776 Interest Paid (50778) (32644) (81564) (LOSS)/PROFIT ON ORDINARY (4759) (46844) (18422) ACTIVITIES BEFORE TAXATION Taxation - - - (LOSS)/PROFIT AFTER TAXATION (4759) (46844) (18422) (Loss)/Earnings per share (0.02)p (2.38)p (0.9)p
Bearing in mind the very low returns available on the Group's cash deposits and the need to stay in a positive cash position during the present difficult economic climate the loss of 4759 for the six months ended 30th June 2009 is not unexpected. However, every effort will be made to contain the position for the full year.
Philip CottamChairman
21st September 2009
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