PAVI Shopping Complex plc - Interim Results

Wednesday, January 2nd, 2013

On 27 December, PAVI Shopping Complex plc published its interim financial report covering the six months ended 31 October 2012.

During the period under review, the Company continued to register further improvements in its operating results particularly from its supermarket operations despite increased competitor activity. PAVI reported a 10.1% increase in revenue to €15.58 million which was the main driver behind the 12.8% increase in operating profit to €1.4 million as well as the improved operating profit margin to 9.1% (Oct 2011: 8.9%).

After accounting for net finance expenses of €358,060 (Oct 2011: €383,311) and tax of €373,368 (Oct 2011: €302,183), the Company’s profit for the period amounted to €685,159 representing a 20.1% increase over the previous comparable figure.

In conclusion, the Directors also noted that the positive trend experienced in the first half of the current financial year is expected to be sustained until the financial year end on 30 April 2013.

Download a copy of the PAVI Shopping Complex plc – Half-Year Report for the six months ended 31 October 2012.


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