No.4320W – Results for the year ended 31 December 2015 – Rasmala PLC

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The Board of Rasmala plc (“Rasmala”, the “Group” or the “Company”) announces its audited results for the year ended 31 December 2015.

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2015 HIGHLIGHTS

Our year at a glance:

  • Assets under management increased to £723 million (US$ 1,072million) (2014: £715 million (US$ 1,113 million))
  • Flagship Funds continued long-standing track record of investment success
  • Continued to execute product diversification plan with emphasis on alternative investment strategies
  • Expanded real estate offering with the aim of structuring and executing investments in high quality, income generating properties in the UK, Europe and the United States
  • Successfully completed a £20 million Tender Offer
  • The Group unified its brand under the Rasmala name
  • Institutional Investor again ranked Rasmala as one of the Middle East’s Top 20 Money Managers in 2015

How we performed

  • Total operating income £10.2 million (2014: £10.8 million)
  • Profit before tax from continuing operations £0.2 million (2014: £0.6 million)
  • Loss to equity holders £0.1 million (2014: profit £0.60 million), after tax expense of £0.2 million (2014: £0.79 million) and loss on discontinued operations of £0.1 million (2014: £0.12 million)
  • Earnings per share of 0.37p (2014: 3.16p)
  • Staff costs of £6.20 million (2014: £5.40 million) and other operating expenses of £3.4m (2014: £3.8 million)
  • Net Asset Value of 331.58 pence per share (2014: 317.2 pence per share)

Enquiries:

Rasmala plc Tel: +44 (0)20 7847 9900
Zak Hydari, CEO
Stockdale  Tel: +44 (0)20 7601 6100
Antonio Bossi
Finsbury Tel: +971 (0) 52 649 8556
Lukasz Gwozdz