FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2013

Trafalgar (AIM: TRAF), the residential property developer operating in southeast England, announces its audited results for the year ended 31 March 2013, a period which has seen a 196% increase in profit before tax.

Highlights

Strategic move from ISDX to AIM in July 2013

Profit before tax of £617,976, a 196% increase from last year (2012: £208,619)

Revenue of £2,205,786 (2012: £2,346,404)

Losses carried forward from previous years have reduced the tax charge for this financial year

Work completed at Edenbridge site and sales contributed substantially to this year’s profit

Oakhurst Park Gardens development completed and marketing for sale to commence this September

Acquired sites in Ticehurst, East Sussex and Tunbridge Wells for development

Option entered into in respect of land in Staplehurst, Kent. Planning permission pending

James Dubois, Chairman, said:  “As our first results announcement on AIM, I am delighted to report such positive news. We have worked hard to put Trafalgar New Homes in a strong position as we aim to take advantage of an improvement in the sector. We are optimistic about the future prospects of the residential property market as activity has started to increase which we believe will benefit the Company over this year and next.”

Enquiries:

Trafalgar New Homes Plc

Christopher Johnson

 +44 (0)1732 700 000

Allenby Capital Ltd – Nominated Adviser and Broker

Jeremy Porter/James Reeve

 +44 (0)20 3328 5656

Yellow Jersey PR Limited

Dominic Barretto/Kelsey Traynor  +44 (0)7768 537 739

 

 

Annual report & consolidated financial statements 2013