Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNewcastle8%pibs Regulatory News (MBSR)

Share Price Information for Newcastle8%pibs (MBSR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 110.75
Bid: 107.50
Ask: 114.00
Change: 0.00 (0.00%)
Spread: 6.50 (6.047%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 110.75
MBSR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Results for the Half Year Ended 30 June 2015

28 Aug 2015 14:51

RNS Number : 5005X
Manchester Building Society
28 August 2015
 

Manchester Building Society Group Results for the Half Year Ended 30 June 2015

 

 

Manchester Building Society Group ("the Society") today releases its financial results for the half year ended 30 June 2015.

 

 

Key points:

 

· Total income of £5.9m (2014: £5.7m)

· Profit before tax of £2.0m (2014: £1.6m)

· Profit after tax of £2.1m (2014: £0.6m)

 

The profit before tax figure of £2.0m includes profit of £745k following the sale of the Society's shareholding in New Life Home Finance Limited (NLHF) in April 2015, and a full year's charge for the Financial Services Compensation Scheme Levy.

 

Mortgage assets have reduced by 8% since the end of 2014 as the Society has continued to reduce the scale of its operations as part of efforts to focus on capital strength.

 

 

David Harding, Chairman of the Society, said: 

 

"I am pleased to report that the Society has continued to deliver profitable performance in the first half of the year following the sound performance in 2014"

 

 

 

Enquiries

 

Paul Gittins

0161 923 8023

Interim Finance Director

 

 

Key Financial Information

unaudited

6 months to

30 June 2015

£M

unaudited

6 months to

31 June 2014

£M

 

 

audited

12 months to

31 December 2014

£M

 

Net interest income

4.9

5.5

10.7

Other income and charges

1.0

0.2

0.4

Total Income

5.9

5.7

11.1

Profit/(loss) on derivatives

-

-

-

Net loss on financial assets designated at fair value through profit or loss

 

-

 

(0.3)

 

(0.3)

Total operating income

5.9

5.4

10.8

Administrative expenses

(3.4)

(2.9)

(6.1)

Operating profit before impairment and provisions

2.5

2.5

4.7

Impairment losses

(0.1)

(0.3)

-

Financial Services Compensation Scheme Levy

(0.4)

(0.6)

(0.4)

Profit for the period before taxation

2.0

1.6

4.3

Taxation

0.1

(1.0)

0.2

Profit after tax

2.1

0.6

4.5

 

 

Total Assets

465.4

545.3

508.7

Total Equity

28.9

23.5

27.1

 

 

 

 

Notes to Editors:

 

· Manchester Building Society is the UK's 22nd largest building society.

· Based in Manchester City Centre, the Society has over 17,000 investing members and 3,100 borrowing members.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IR PKFDQNBKDFFB
12
Date   Source Headline
3rd Jul 20237:31 amRNSNotice of Substitution
7th Jun 202310:00 amRNSStatement re Merger Update
23rd Mar 20237:00 amRNSMerger Update
1st Mar 20237:00 amRNSResults for the year ended 31 December 2022
21st Feb 20237:00 amRNSStatement re Merger Update
11th Aug 20222:00 pmRNSResults for the 6 months ended 30 June 2022
8th Aug 20222:00 pmRNSStatement re Exclusivity Agreement
23rd Feb 20222:22 pmRNSResults for the year ended 31 December 2021
20th Aug 20213:05 pmRNSResults for the 6 months ending 30 June 2021
18th Jun 202110:34 amRNSStatement regarding Supreme Court judgment
25th Mar 20213:06 pmRNSPIBS coupon payments
2nd Mar 20211:30 pmRNSResults for the year ended 31 December 2020
30th Sep 20204:17 pmRNSPIBS coupon payments
5th Aug 202010:38 amRNS2020 Half Year Results
27th Mar 20203:55 pmRNSPIBS coupon payments
5th Mar 20207:00 amRNSResults for the year ended 31 December 2019
27th Sep 20191:46 pmRNSPIBS coupon payments
29th Aug 20197:00 amRNS2019 Half Year Results
4th Jul 20197:00 amRNSPermission granted to appeal to the Supreme Court
28th Mar 20197:00 amRNSPermanent Interest Bearing Share coupon payments
18th Mar 20199:45 amRNSResults for the year ended 31 December 2018
30th Jan 201910:51 amRNSStatement regarding Court of Appeal judgment
4th Oct 20187:00 amRNSPermanent Interest Bearing Share coupon payments
30th Aug 20187:00 amRNS2018 Half Year Results
28th Jun 201811:00 amRNSChanges to Board membership
23rd May 20183:51 pmRNSStatement regarding interim costs award
18th May 20184:58 pmRNSStatement regarding costs hearing
2nd May 20181:44 pmRNSStatement regarding High Court judgment
27th Apr 201811:00 amRNSAppointment of Chief Executive
29th Mar 20187:00 amRNSPIBS coupon payments
12th Mar 201810:45 amRNSResults for the year ended 31 December 2017
6th Dec 20177:00 amRNSChange to Board Membership
4th Oct 20177:00 amRNSPIBS coupon payments
31st Aug 20177:00 amRNSHalf year results
25th Apr 20177:00 amRNSFinance Director Change
31st Mar 20177:00 amRNSFinance Director Change
14th Mar 20177:00 amRNSPIBS coupon payments
14th Mar 20177:00 amRNSResults for the year ended 31 December 2016
27th Sep 20165:23 pmRNSHalf-year Report
27th Sep 20165:22 pmRNSPermanent Interest Bearing Share coupon payments
11th Aug 20167:00 amRNSManchester Building Society's 2016 Interim Results
10th Jun 201610:08 amRNSAppointment of new Chief Executive
14th Apr 20167:00 amRNSFinal Results
1st Apr 201610:13 amRNSManchester Building Society's 2015 Accounts
18th Mar 20162:47 pmRNSManchester Building Society's 2015 Accounts
6th Oct 20157:00 amRNSManagement Appointments
28th Aug 20152:51 pmRNSResults for the Half Year Ended 30 June 2015
1st Apr 20153:53 pmRNSCompletion of Sale of Stake in New Life
24th Mar 20157:00 amRNSChanges to Board Membership
24th Mar 20157:00 amRNSAnnual Report and Accounts available online
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.