Santumas Shareholdings plc - Interim Results
On 23 December 2021, Santumas Shareholdings plc published its interim financial statements covering the six months ended 31 October 2021.
Performance Overview
During the period under review, investment income improved to €0.21 million from €0.17 million in the comparable six-month period. However, the company registered a €0.23 million decline in the fair value of its financial assets, which is an improvement over the substantial drop of €0.81 million in the comparable six-month period.
Administrative expenses increased by 4.8% to €0.08 million.
Overall, Santumas reported a pre-tax loss of just under €0.10 million. After accounting for a tax charge of €0.05 million, the company posted a net loss of €0.14 million compared to a net loss of €0.72 million in the six months ended 31 October 2020.
The Condensed Statement of Financial Position as at 31 October 2021, when compared to the corresponding figures as at 30 April 2021, shows that total assets declined by 1% to €11.8 million. Meanwhile, total liabilities moved 1.6% higher to €0.75 million. Overall, shareholders’ funds contracted by 1.2% to €11.1 million, which translates into a net asset value per share of €1.517 (30 April 2021: €1.536 per share).