Plaza Centres plc - Full-Year Results

On 10 March Plaza Centres plc announced its 2008 full-year results revealing a 14% increase in revenue to €1.8 million mainly as a result of the new extension on Tower Road. This rise in turnover helped the Company generate €0.8 million in post-tax profits, 7.2% higher than in the previous year. The Directors also stated that the Company managed to maintain a high level of occupancy during 2008 at 96.8% compared to 98.3% in 2007.

The Directors recommended a final gross dividend of €0.1217 per share (net: €0.0791), representing an increase of 8.2% over last year’s dividend payment. Shareholders as at close of trading on Thursday 26 March will be entitled to this dividend, which will be paid following approval by shareholders during the Company’s Annual General Meeting scheduled to be held on 22 April.

A review of the Full-Year results is available here.

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