Safeland FY Pretax Loss GBP1.03M VS GBP8.34M

2nd Aug 2010 08:06

LONDON (Dow Jones)--Safeland PLC (SAF.LN), a property developer said Monday it made pretax loss of GBP1.03 million for the year ended March 31, compared with GBP8.34 million, and said trading remains difficult, but activity is improving but remain well positioned to take full advantage of improvements in market conditions as they occur. MAIN FACTS: -Revenue GBP11.94 million versus GBP15.12 million -Operating loss GBP11,000 versus GBP6.19 million -Loss per share 7.2 pence versus 51.3 pence -Gearing at the year end was 144% versus 154% -Net assets per share were 56 pence versus 63 pence -The company remains optimistic about the future -Shares closed Friday at 15 pence, valuing the company at GBP2.53 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires August 02, 2010 03:06 ET (07:06 GMT)