Santumas Shareholdings plc - Interim Results

On 19 December 2023, Santumas Shareholdings plc published its interim financial statements for the six-month period ended 31 October 2023.

Investment income dropped to €0.19 million compared to the €0.38 million figure generated in the comparable period last year as the higher income from dividends, interest, and ground rents was offset by the lower income from concession rights.

Meanwhile, Santumas Shareholdings registered a €0.23 million increase in fair value of its financial assets, which is higher than the increase of €0.10 million in the comparable six-month period last year.

Overall, Santumas Shareholdings reported a pre-tax profit of €0.35 million. After accounting for a tax charge of €0.07 million, the company posted a net profit of €0.27 million compared to the net profit of €0.37 million recorded in the six months ended 31 October 2022.

The condensed Statement of Financial Position as at 31 October 2023, when compared to the corresponding figures as at 30 April 2023, shows that total assets increased by 2.5% to €12.8 million. Meanwhile, total liabilities increased by 5.1% to €0.88 million, reflecting a marginal increase in payables and tax liabilities as the company remained free from any debt. Overall, total equity improved by 2.3% to €11.9 million, which translates into a net asset value per share of €1.624 (30 April 2023: €1.587 per share).