On 31 August, Santumas Shareholdings plc published its full-year results covering the financial year ended 30 April 2021.
During the 2020/21 financial year, the company generated investment income of €0.23 million compared to €0.49 million in the previous corresponding period reflecting the lower level of dividend income which offset the increase in other income. On the other hand, the company recorded a net increase of €0.04 million in the fair value of financial assets and investment properties compared to the loss of €1.02 million recorded in 2019/20.
Administrative expenses climbed by nearly 5% to €0.144 million largely reflecting higher professional and legal fees, staff costs and other administrative expenses.
Overall, Santumas Shareholdings plc reported a pre-tax profit of €0.12 million compared to a pre-tax loss of €0.67 million in the previous financial year ended 30 April 2020. After taking into consideration a tax expense of €0.04 million, the net profit amounted to €0.08 million.
The Statement of Financial Position shows a 1.1% increase in total assets to just under €12 million (30 April 2020: €11.8 million) primarily due to the €0.12 million increase in investment properties to nearly €5 million and the €0.06 million increase in cash and cash equivalents to €0.5 million. Meanwhile, total liabilities rose by 4.4% to €0.73 million. Accordingly, the equity base expanded by 0.9% to €11.23 million (30 April 2020: €11.14 million) which translates into a net asset value per share of €1.536 compared to €1.523 as at 30 April 2020.