Interim Management Statement
16 8월 2010 - 7:30PM
UK Regulatory
TIDMMGL
Marshall Monteagle Holdings S.A.
(Incorporated in Luxembourg. R.C. No. B 19600)
ISIN LU0035797272
Registered Office
58 rue Charles
Martel,
16th August 2010 L-2134 Luxembourg
Interim Management Statement for the quarter ended 30th June 2010
We are pleased to announce that turnover for the nine months ended 30th June
2010 has increased to US$124 million from US$86 million last year, an increase
of 44%. On a constant currency basis the increase in turnover is 22% and
reflects a very active trading period by our operations.
Rental income from our portfolio of investment properties in South Africa
remains stable with good occupancy rates, however vacancies are still
relatively high at our property in California and the leasing market there
remains challenging.
Our blue chip investment portfolios were obviously affected by the 10% plus
correction in first world equity markets during the quarter, and we believe the
economic uncertainty that prevails will continue to create volatility in the
near term. We continue to hold a diverse portfolio of quality companies in
first world markets and have cash reserves to capitalise on any future buying
opportunities.
Despite the volatile equity and currency markets we are confident that we can
continue to enhance shareholder value in the foreseeable future.
END
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