Santumas Shareholdings plc - Full-Year Results

On 28 August, Santumas Shareholdings plc published its full-year results covering the financial year ended 30 April 2020.

Performance Overview

During the 2019/20 financial year, the company generated investment income of €0.49 million (FY2018/19: €0.69 million) and the increase in the fair value of investment properties amounted to just €5,000 (FY2018/19: €0.1 million). Meanwhile, Santumas recognised a decrease in the fair value of its financial assets of €1.03 million compared to a positive uplift of €60,000 in the comparable period.

Administrative expenses climbed by 3.47% to €0.14 million largely reflecting higher professional and legal fees, registration fees and other administrative expenses.

Overall, Santumas Shareholdings plc reported a pre-tax loss of €0.67 million compared to a pre-tax profit of €0.72 million in the previous financial year ended 30 April 2019. After taking into consideration a tax expense of €0.15 million, the net loss amounted to €0.83 million.

The Statement of Financial Position shows a 6.4% contraction in total assets to €11.3 million (30 April 2019: €12.65 million) primarily due to the drop in the fair value of financial assets which declined by just under €0.8 million to €6.3 million. Meanwhile, total liabilities marginally rose by 2.3% to €0.70 million. Accordingly, the equity base shrank by 6.9% to €11.14 million (30 April 2019: €11.96 million) which translates into a net asset value per share of €1.523 compared to €1.799 as at 30 April 2019.

Annual General Meeting

The Annual General Meeting is scheduled to be held on Thursday 22 October 2020.

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Santumas Shareholdings plc – Financial Statements for the financial year ended 30 April 2020.