On 23 November 2010 Plaza Centres plc issued its Interim Directors’ Statement informing the market that during the third quarter of the financial year between 1 July and 30 September 2010, the company’s revenue increased when compared to the same period in 2009. Plaza however also reported that operational and finance costs also increased. Similar to previous years, occupancy during the period under review remained high at 94%.
The Directors explained that the extension project progressed according to plan with 70% of the development already being leased to date. The new leases are expected to come on stream during the first quarter of 2011.
In conclusion Plaza stated that the financial position of the company has remained satisfactory and is in line with expectations.