Tigné Mall plc - Interim Directors’ Statement

On 05 November, Tigne’ Mall plc issued its Interim Directors’ Statement updating the market on its performance since the publication of its interim results as at 30 June 2015.

The Board of Directors explained that the positive trends experienced during the first six months of the financial year continued during the third quarter as the mall remained fully let. Profitability increased when compared to the corresponding period last year whilst cash flows from operations remained healthy. Consequently, the Company’s financial position remains positive and in line with projections.

Tigne’ Mall is also anticipating a positive performance for the final quarter of the financial year. Moreover, two new fashion outlets are expected to be opened this month.

Last year, the Company registered €1.3 million in net profits, which was 7.5% above the projected corresponding figure published in the equity IPO Prospectus dated 20 March 2013. The Prospectus also forecasted a net profit figure of €1.4m for FY2015.