Mountview Est. Regulatory News (MTVW)

Mountview Estates P.L.C.

Interim Results

MOUNTVIEW ESTATES P.L.C.

UNAUDITED INTERIM RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2015

OUR PERFORMANCE

Turnover at £42.8 million up by 16% (2014 - £36.9m)

Gross profit at £28.3 million up by 17.4% (2014 - £24.1m)

Profit before tax at £25.9 million up by 24.5% (2014 - £20.8m)

Earnings per share at 531.0 pence up by 24.0% (2014 - 428.0p)

Net assets per share at £77.3 up by 8.9% (2014 - £71.0)

DIVIDEND INFORMATION

Mountview Estates P.L.C. advises its shareholders that, following the issue of the interim results, the relevant dates in respect of the interim dividend payment of 200p per share are as follows:

Ex-dividend date 18 February 2016

Record date 19 February 2016

Payment date 29 March 2016

C.E.O.'s STATEMENT

We are delighted to report another strong start to our financial year, with turnover, profit before taxation and net asset value all ahead of the same period last year.

Trading

Whilst the percentage increases may not be as strong as they were for this period last year, they compare favourably with the increases for the last full year. Further, I must emphasise that these are increases on top of increases and thus represent a continuing strength in the Company's performance.

Interim Dividend

Although the details have yet to reach the Statute Book, the Chancellor of the Exchequer has announced that from the beginning of the next tax year, the treatment of an individual's dividend income will be less favourable. To reduce the impact of these changes, your Board have decided to pay the greater part of the dividend at the interim stage. This interim dividend of 200p per share is payable in respect of the year ending 31 March 2016 on 29 March 2016 to shareholders on the Register of Members as at 19 February 2016.

Current Trading

Acquisitions made during the first six months equate almost to those made for the last full year and there are other purchases already in the pipeline. The Company remains financially sound with gearing at a modest level and trading in line with the Board's expectations.

Outlook

The outlook for the Company is sound with financing in place to take advantage of any good purchasing opportunities which occur. We can never control the macro-economic situation and presently Europe is experiencing troubled times, but we remain optimistic.

On 1 December 2015, Dr Andrew Williams joins the Board as a Non-Executive Director. We are delighted to welcome Andrew (who is a grandson of our co-founder, the late Frank Sinclair) to Mountview. He is a highly respected professional and brings with him a skill-set that will complement the Board. On 31 December 2015, Alistair Sinclair retires as a Non-Executive Director of the Company. We would like to thank Alistair for his five years of distinguished service and full tribute will be paid in my statement which accompanies the full year's Report and Accounts.

GROUP STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

for the half year ended 30 September 2015

All items within the consolidated income statement relate to continuing operations.

GROUP STATEMENT OF FINANCIAL POSITION (UNAUDITED)

for the half year ended 30 September 2015

GROUP CASHFLOW STATEMENT (UNAUDITED)

for the half year ended 30 September 2015

GROUP CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the half year ended 30 September 2015

~ Ends ~

For further information on the Company, visit: www.mountviewplc.co.uk 

SPARK Advisory Partners Limited (Financial Advisor) www.sparkadvisorypartners.com

Miriam Greenwood 0203 368 3553

Mark Brady 0203 368 3551