On 31 August, Santumas Shareholdings plc announced its full-year results for the twelve months ended 30 April 2010. Following the recovery in the MSE Share Index since 30 April 2009, the close ended investment scheme reported a €588,667 recovery on its local equity holdings. In fact, this was the main contributor towards the Company’s profit but since these are unrealised profits they are not available for distribution.
Despite this recovery, Santumas still recorded a substantially lower profit for the year of €675,758 compared to €1.8 million in the previous year which included a €3.5 million profit on the sale of investment properties to a third party. On the contrary no property was purchased or sold by Santumas this year.
The net asset value of Santumas Shareholdings increased from €3.59 as at 30 April 2009 to €4.02 as at 30 April 2010. However since the end of the financial year of the company, the net asset value has eased down to the €3.979 level by 31 July 2010.
The Directors recommend a final net dividend of €0.02 per share for those shareholders as at close of trading on Friday 10 September 2010. The dividend will subsequently be paid on 30 September 2010.
Download a copy of the 2010 Annual Report and Financial Statements of Santumas Shareholdings plc.