Interim Management Statement (9727A)

TIDMMTVW

RNS Number : 9727A

Mountview Estates PLC

10 February 2011

Interim Management Statement - February 2011

Mountview Estates P.L.C. ("the Group") publishes its Interim Management Statement covering the period from the beginning of the Group's financial year, 1 April 2010, to date.

Revenue for the 9 months to 31 December 2010 is down by barely more than 1% compared with the previous year but profit from operations is down by nearly 10%. Net finance costs have risen by nearly 10% and margins generally have been squeezed but thanks, at least in part, to a lighter taxation charge net profits are down by only 3.3%.

The Group is in a strong position financially and well placed to make good purchases and to continue to weather adverse economic conditions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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