Recent News
Unaudited Interim Statement for the Six Months Ended 30 September 2004
10 December 2004
Highlights
- Pre tax profit of £855,831 for the six months ended 30 September 2004 (2003: £275,052)
- Earnings per share of 0.24 pence per share for the six months ended 30 September 2004 (2003: Profit of 0.09 pence per share)
- Land bank at Rippon Homes increased to 237 plots at 30 September 2004 from 168 plots at 31 March 2004
- Net debt increased to £8,481,319 for the six months ended 30 September 2004 (30 September 2003: Debt of £6,003,312)
- Commercial trading profit turnaround
- Complete divestment of all significant non core assets at modest profits in period
- New banking facilities of £20m
- Board update shareholders on litigation
Michael W. Stevens, Chairman of Artisan (UK) plc commented,
”Once again the first six months of the financial year have shown a considerable improvement for the group profitability compared to the equivalent period last year. This is largely as a result of the improvement in market conditions for commercial property and our ability to respond to this improvement.
Although the residential market has retreated from the recent unsustainable price growth, we continue to invest in residential development land and to seek acquisitions of residential developers to enhance growth.”
For further information please contact:
| Artisan (UK) plc: | 01480 436666 | |
| Martyn Freeman | Chief Executive | |
| Chris Musselle | 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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