![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Hastoe 5.60% | LSE:13KQ | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
TIDM13KQ
RNS Number : 6953J
Hastoe Capital Plc
21 August 2019
21 August 2019
Publication of Annual Report and Financial Statements for year ended 31 March 2019
Hastoe Capital plc announces the publication of the Annual Report and Financial Statements for the year ended 31 March 2019 of Hastoe Housing Association Limited (the Group) and Hastoe Capital plc.
The Group generated a surplus for the year of GBP2.9m (2018: GBP6.7m) at an operating margin of 43% (2018: 53%). The decline in the surplus is primarily due to a reduction in the amount generated from property sales, being GBP3m lower than in the previous year. In addition, there was a one-off charge of GBP0.5m in the year for fixed interest breakage costs that resulted from the redemption of a bank loan.
The lower level of surplus on first tranche and open market property sales generated in the year was as a result of a decision to scale back the Group's development programme. At the year end, there was only one recently completed unsold property in stock.
At the year end the Group had committed debt funding of GBP277m. Available liquid resources of GBP62m (cash holdings of GBP24m and undrawn loan facilities of GBP38m) are sufficient to meet the Group's committed expenditure. The Group's drawn debt has limited refinancing risk with only 20% of the Group's debt maturing within the next ten years.
A copy of both sets of accounts have been submitted to the National Storage Mechanism and are available for inspection.
For further information, please contact:
Will Roberts
Company Secretary
17 Marina Place
Kingston Upon Thames
KT1 4BH
Telephone : 020 8973 0417
Email : wroberts@hastoe.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
ACSURONRKNAWUAR
(END) Dow Jones Newswires
August 21, 2019 02:00 ET (06:00 GMT)
1 Year Hastoe 5.60% Chart |
1 Month Hastoe 5.60% Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions