MTVW Mountview Estates Plc

 

TIDMMTVW 
 
RNS Number : 3005X 
Mountview Estates PLC 
12 August 2009 
 

Interim Management Statement - 12 August 2009 
 
 
Mountview Estates P.L.C. ("the Group"), which holds its AGM today at 11.30A.M., 
publishes its Interim Management Statement covering the period from the 
beginning of the Group's financial year, 1 April 2009 to date. 
 
 
Profits for the first quarter to 30 June 2009 are up by over 17% compared with 
the same period last year. A strong start is always very welcome but it does not 
guarantee a good result for the whole year. 
 
 
Interest rates are significantly lower than they were last year and may well 
remain at their present exceptionally low level throughout the Group's financial 
year. The savings made in this way and the continuing reduction in the Group's 
borrowings will give a very useful boost to profitability. The Board continues 
to put an emphasis on the repayment of debt. 
 
 
There have been no significant changes in the Company's position since the 
publication of its Report and Accounts for the year ended 31 March 2009. The 
Board remains confident of the Company's financial stability in what continues 
to be a very difficult economic climate. The results for the six months ending 
30 September 2009 will be announced on 26 November 2009. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSGIGDIBGBGGCD 
 

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