|
FOR IMMEDIATE RELEASE
The Cardiff Property plc
18 May 2006
Interim results for the six months ended 31 March 2006
(The group, including Campmoss, specialises in
property investment and development in the Thames
Valley
. The portfolio, valued in excess of £34m, is primarily located to the west of London, close to
Heathrow
Airport and in Surrey
and
Berkshire
.)
Highlights
|
|
Six Months
31 March
2006
IFRS
(Unaudited) |
Six Months
31 March
2005
IFRS
(Unaudited) |
Year
30 September
2005
IFRS
(Unaudited)* |
 | Group revenue |
|
£'000 |
259 |
1,364 |
1,672 |
| Property sales |
|
£'000 |
nil |
1,113 |
1,113 |
| Net assets per share** |
|
pence |
1,006 |
850 |
990 |
| Profit before tax |
|
£'000 |
501 |
1,155 |
3,455 |
| Earnings per share |
|
pence |
20.7 |
53.1 |
193.6 |
| Interim / final dividend per share |
|
pence |
2.75 |
2.5 |
9.0 |
|
Gearing |
|
% |
nil |
nil |
nil |
* Figures restated for IFRS
** Properties not revalued at half-year
Richard Wollenberg, chairman, commented:
“A healthy increase in tenant demand across all
sectors of the property market in the
Thames
Valley
has been evident over the last six
months. The group’s property portfolio continues to focus within the area
known as The Golden Triangle namely to the west of
London
and close to
Heathrow
Airport
. Residential activities are confined to
the counties of
Surrey
and
Berkshire
. Interest rates continue to remain at current low levels and there is a renewed
confidence in the property market as a whole.”
A copy of the full interim report for the six months ended
31 March 2006 is available in pdf (size 300K) format by clicking here.
Further Information
| The Cardiff Property plc |
Richard Wollenberg |
01784 437444 |
| Arbuthnot Securities |
Richard Dunn |
020 7012 2000 |
|
