Haldane McCall Plc: Haldane McCall PLC announced Unaudited results to 31/03/12

Haldane McCall Plc / Key word(s): Quarter Results/Miscellaneous

15.05.2012 / 16:00

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Press Release 

Haldane McCall PLC announced Unaudited results to 31/03/12

Haldane McCall PLC, a European Company investing in emerging markets Africa
today reports its quarter one results for the three months that ended 31
March 2012.

Results highlights

Growth in revenue from African emerging markets, fast growing operations
and
profitable company with strong and reliable earnings.
·      Profit before tax increased to EUR1.27m ahead of the quarter
projections by EUR0.71m.
·      Turnover increased to EUR7m ahead of the quarter projections by
EUR1.1m
.       Net Assets up by EUR1.5m to EUR76.2 (31 December 2011: EUR74.7)
·      Strong cash balances up by EUR2.1m to EUR8.9m (31 December 2011:
EUR6.7m)
·      On track to deliver EUR1m of cost savings for the full year.
·      Commences 1,000 new homes with over 5% sold off plan. 
·      Strong demand for hotel rooms, occupancy rate up 7% year on year. 
.      On track to outperform projections across the group for the full
year.
.      Directors are proposing at its next EOAGM interim dividend payment
of
EUR0.0125 per share.
·      Appoints Rennell Bank as adviser for its entry standard upgrade
following AGM approvals.
·      A new 35 bedroom Suru Express Hotels opens in Lagos in August that
will impact full year earnings.


ABOUT HMK 

Haldane McCall PLC is a European Company investing in emerging markets,
primarily in Africa. HMK invests in real estate in the low cost housing
segment in West Africa. The Group operates the Best Western hotel brand in
West Africa. The Company owns Best Western hotels and controls several
others via franchise licensing in Nigeria. HMK operates own Suru Express
hotels in West Africa. HMK has dedicated subsidiaries for real estate (Suru
Homes Ltd.) and dedicated financial services (Independent Prolific Micro
Finance Bank Ltd.) to provide a full package -from financing to sale- to
the
lower income population in Africa. In addition HMK invests in real estate
and hotels in selected European metropolises.

Please send enquiries to: info@haldanemccallplc.com or
Visit our website: www.haldanemccallplc.com

Safe Harbor Statement; The statements contained herein are forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the forward-
looking statements, including, but not limited to, certain delays beyond
the
company's control with respect to market acceptance of new technologies or
products, delays in testing and evaluation of products, and other risks
detailed from time to time.


End of Corporate News

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