Tigne Mall plc - Interim Directors’ Statement

Friday, May 13th, 2016

On 13 May, Tigne Mall plc issued an Interim Directors’ Statement updating the market on its performance during the first quarter of 2016.

During the period under review, the mall continued to be fully occupied whilst registering an increase in tenant sales over the corresponding period last year. As a result, the Company continued to generate healthy levels of cash from operations and EBITDA also improved. Moreover, the Company’s financial position continued to improve and the outlook for the rest of 2016 remains positive and in line with projections of a net profit of €1.5 million.

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