Interim Management Statement (6356W)

TIDMMTVW

RNS Number : 6356W

Mountview Estates PLC

02 February 2012

Interim Management Statement - February 2012

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 2011, to date.

The Group continues to perform well taking into account a background of very poor economic circumstances. Revenue is down by 18% compared with the equivalent period last year, but the further increase in net finance costs has reduced net profit by 21%. Good sale prices continue to be achieved in the London area and the Group has continued to make purchases on a selective basis.

The Group is well placed to take advantage of any improvement in economic conditions and if conditions continue to be difficult, committed borrowing facilities which mature in 2014/2015 leave it in a financially strong position to trade through those difficulties.

This information is provided by RNS

The company news service from the London Stock Exchange

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