Mountview Estates FY10 Profit More Than Doubles, Increases Dividend

24th Jun 2010 09:17

LONDON (Dow Jones)--Mountview Estates PLC (MTVW.LN), a property trading company, reported Thursday pretax profit for fiscal 2010 more than doubled to GBP29.3 million and said it increased final dividend by 10 pence per share giving an annual increase of 6.5%. MAIN FACTS: -Revenue for the year ended March 31 GBP56.7 million (2009: GBP53.6 million). -Pretax profit GBP29.3 million (2009: GBP13.1 million). -Pretax profit excluding investment properties revaluations GBP27.1 million (2009: GBP16.3 million). -Diluted EPS 554.8 pence (2009: 241 pence). -Cash and cash equivalent at end of year negative GBP8.3 million (2009: negative $11.2 million). -Final dividend of 115 pence per share making a total of 165 pence. -Believes that during the next twelve months and more it will be presented with opportunities to make asset purchases that will serve it well for years to come. -Shares at 0811 GMT up 350 pence or 9.3%, at 4100 pence, valuing the company at GBP150.1 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires June 24, 2010 04:17 ET (08:17 GMT)