New Frontier quarterly results May 2019

Rental income for the quarter lowered to GBP3.7 million (GBP4.6 million). Total comprehensive loss for the period came to GBP49.4 (profit of GBP858 000). Furthermore, headline earnings per share came to GBP0.9pps (GBP0.9pps).

The Board is not recommending the payment of a dividend.

Prospects and delisting
In light of the financial position of the Company, the Board believes that it is unlikely that shareholders will realise any value from their shares, consequently, the Board sees little benefit in continuing to be listed and will actively pursue a delisting from the SEM and JSE.

2019-07-12 14:35:36