On 23 December, Santumas Shareholdings plc published its interim report for the six months ended 31 October 2010. During the period under review there was no movement in the Company’s property portfolio. On the other hand, the company’s equity holdings moved broadly in line with the MSE Share Index and thus resulted in an unrealised loss of €110,268 compared to the unrealised profits of €243,277 registered in the comparable period last year. The downturn in the equity component led to a pre-tax loss of €60,668 compared to a profit before tax of €321,466 recorded in the comparable six month period ended 31 October 2009. After accounting for taxation, the Company’s net loss for the period under review was €81,517 in contrast to the profit of €295,878 registered in the corresponding period last year.
The Directors also reported that dividends and interest income increased by just over 2% from the corresponding period last year.
Despite registering a loss, the Company is paying a special net interim dividend of €0.026 per share (as approved during the Annual General Meeting held on 25 November 2010). This dividend is being funded through a write back of unclaimed dividends which have been outstanding for more than twelve years.