On 21 May, Plaza Centres plc published its Interim Directors’ Statement analysing the Company’s operations since the start of 2012. The Directors reported that when compared with the same period last year, Plaza’s profitability increased while expenses were maintained at a lower level.
The announcement explained that occupancy levels for the period remained high although this may decline at the end of August 2012 following the lease termination of an office tenant. Nonetheless, the Company revealed that it is already negotiating new lease contracts for this area and anticipates that it will be reaching an agreement before the end of August 2012.
In conclusion the Directors noted that subject to any unforeseen circumstances, the Directors expect the Company’s financial results for 2012 to be within the projections prepared at the beginning of the year.