Recent News
Unaudited Interim Statement for the Six Months Ended 30 September 2003
17 December 2003
Highlights
- Turnover up 29% to £16,885,282 for the six months ended 30th September 2003 (2002: £13,047,813)
- Pre tax profit of £485,478 for the six months ended 30th September 2003
- (2002: Operating loss of £3,024,893 )
- Earnings per share of 0.09 pence per share for the six months ended 30th September 2003 (2002: Loss of 1.16 pence per share)
- Net debt reduced by 68% to £6,003,312 for the six months ended 30th September 2003 compared to the comparable period last year (2002: Debt of £18,612,286)
- Residential trading performance ahead of budget for the period
- Continued divestment of non core assets
Michael W. Stevens, Chairman of Artisan (UK) plc commented,
'The first six months of the financial year has shown a considerable improvement for the group compared to the comparable period last year.”
“As a property developer the group’s objectives are to concentrate on its core activities of residential and commercial property development. We continue to invest in residential development land and have been actively seeking acquisitions of principally residential developers to enhance growth.”
For further information please contact:
| Artisan (UK) plc | 01480 436666 | |
| Martyn Freeman | Chief Executive | |
| Chris Muselle | Finance Director | |
| www.artisan-plc.co.uk | ||
| Adam Reynolds/Ben Simons | 020 7245 1100 | |
| Hansard Communications | 07785 908158 | |
| www.hansardcommunications.com |
View the full press release in PDF format.
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