Mountview Estates (GB:MTVW) has released an update.
Mountview Estates P.L.C. has reported a solid performance in the financial year ending March 2024, with turnover and pre-tax profits up by 8% and 15.6% respectively, despite high borrowing costs and a significant increase in Corporation Tax from 19% to 25%. Reflecting its prudent financial management, the company has recommended a final dividend of 275 pence per share, which represents a 5% increase over the previous ordinary dividends, although it is a 30% reduction from the previous year’s exceptional dividends. Investors may take note of the company’s continued ability to capitalize on purchasing opportunities and its commitment to financial stability.
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