RE: Low liquidity28 Dec 2022 07:14
Read it again, says they’ve secured finance for a new build development. I wonder what that development and terms entail…
Wed, 28th Dec 2022 07:00
RNS Number : 9596K
Trafalgar Property Group PLC
28 December 2022
28 December 2022
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or "Group")
Interim Results
for the six months ended 30 September 2022
Trafalgar (AIM: TRAF), the AIM quoted residential property developer operating in southeast England, announces its interim results for the six months ended 30 September 2022 (the "Period").
Key financials:
· Turnover for the Period was £17,798, (H1 2021: £390,139);
· Gross profit of £17,798, (H1 2021: gross profit £6,955), giving a loss before tax of £444,137 (H1 2021: pre-tax loss: £338,139);
· EPS of (0.20p) (H1 2021 (0.35p); and
· Cash in bank at period end was £152,897 (H1 2021: £24,329); at 19 December 2022 cash at bank was £48,824
· James Dubois, Non-Executive Chairman of Trafalgar, said: "The last few years have been very challenging times, with Covid-19 impacting the markets in general for over two years and now we have entered a period of high inflation, which is still over 10%, cost of living still close to a forty year high and continuing rising interest rates.
However, the results for the six months to 30 September 2022 are showing some positive activity with sales of some of the Group's investment properties, planning permission being granted on one of its speculative sites and an acquisition for a new build having now been financeWed, 28th Dec 2022 07:00
RNS Number : 9596K
Trafalgar Property Group PLC
28 December 2022
28 December 2022
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or "Group")
Interim Results
for the six months ended 30 September 2022
Trafalgar (AIM: TRAF), the AIM quoted residential property developer operating in southeast England, announces its interim results for the six months ended 30 September 2022 (the "Period").
Key financials:
· Turnover for the Period was £17,798, (H1 2021: £390,139);
· Gross profit of £17,798, (H1 2021: gross profit £6,955), giving a loss before tax of £444,137 (H1 2021: pre-tax loss: £338,139);
· EPS of (0.20p) (H1 2021 (0.35p); and
· Cash in bank at period end was £152,897 (H1 2021: £24,329); at 19 December 2022 cash at bank was £48,824
· James Dubois, Non-Executive Chairman of Trafalgar, said: "The last few years have been very challenging times, with Covid-19 impacting the markets in general for over two years and now we have entered a period of high inflation, which is still over 10%, cost of living still close to a forty year high and continuing rising interest rates.
However, the results for the six months to 30 September 2022 are showing some positive activity with sales of some of the Group's investment properties, planning permission being granted on one of its speculative sites and an ac