Santumas Shareholdings plc - Interim Results

Thursday, December 20th, 2018

On 19 December, Santumas Shareholdings plc published its interim financial statements covering the six months ended 31 October 2018.

Performance Overview

During the period under review, the Company registered a 79.1% increase in investment income to €243,275. However this was mostly offset by a €234,903 decline in the value of the Company’s financial assets which led to a total revenue figure of €8,372 representing a 70.3% decline from the €28,170 registered in the previous comparable period.

On the other hand, administrative expenses contracted by 7.5% to €66,479.

Overall, the Company’s pre-tax loss widened to €58,107 compared to a pre-tax loss of €43,672 in the previous comparable period. After accounting for an income tax expense of €73,191 (compared to €41,328 in the six months ended 31 October 2017), the Company’s net loss for the period under review amounted to €131,298 compared to a net loss of €85,000 in the previous comparable period. This translates into an earnings per share of €0.02 compared to €0.013 in the comparable six months ended 31 October 2017.

The Statement of Financial Position as at 31 October 2018 and compared to values as at 30 April 2018 shows a 1.1% decrease in total assets to €11.93 million mainly reflecting the drop in the value of the Company’s financial assets. Meanwhile, total liabilities increased by 0.4% to €0.69 million largely due to an increase in trade payables. Overall, total equity contracted by 1.2% to €11.23 million which translates into a net asset value per share of €1.69 compared to €1.709 as at 30 April 2018.

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Santumas Shareholdings plc – Interim Report covering the six months ended 31 October 2018.

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