Trafalgar New Homes PLC Year-end trading update (0957B)
March 31 2017 - 2:01AM
UK Regulatory
TIDMTRAF
RNS Number : 0957B
Trafalgar New Homes PLC
31 March 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
31 March 2017
Trafalgar New Homes plc
(the "Company")
Year-end trading update
Trafalgar New Homes plc (AIM: TRAF), the residential property
developer operating in southeast England, today provides an update
on trading for the financial year ending 31 March 2017 and further
to its announcement on 22 February 2017.
First marketing commenced for the developments at Burnside,
Tunbridge Wells, comprising six luxury flats, and Edenbridge, Kent,
comprising three two-bed / two-bath terraced houses, towards the
end of February 2017 and the Company has received a number of
enquiries on the units.
In line with management's expectations as first marketing began
at the end of February, the Company has not yet completed the sale
of any units at these sites prior to its financial year end of 31
March 2017 and therefore the Company does not expect to record
revenues for the second half of the financial year to 31 March
2017. However, the Board is confident of realising sales on these
developments during 2017. Revenues from the sales of units at these
two sites is therefore expected to contribute to the financial year
ending 31 March 2018.
The Company also anticipates that sales from its other
developments at Hildenborough, Kent, comprising two executive style
detached houses, Speldhurst, Tunbridge Wells, comprising one large
detached house, and Sheerness, Kent, comprising six terraced
houses, which are due for completion from May 2017 onwards, will
also contribute to revenues for the financial year ending 31 March
2018.
The Company expects to announce its audited financial results
for the year to 31 March 2017 in the third quarter of this
year.
Enquiries:
Trafalgar New Homes Plc +44 (0)1732 700
Christopher Johnson 000
Allenby Capital Ltd - Nominated
Adviser and Broker +44 (0)20 3328
Jeremy Porter/James Reeve 5656
Yellow Jersey PR Limited
Felicity Winkles / Alistair de +44 (0)7825 916
Kare-Silver 715
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTOKKDQOBKDDNN
(END) Dow Jones Newswires
March 31, 2017 02:01 ET (06:01 GMT)
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From Jul 2023 to Jul 2024