No.4320W – Results for the year ended 31 December 2015 – Rasmala PLC
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April 26, 2016Rasmala Announces Full Year 2015 Results
April 27, 2016
The Board of Rasmala plc (“Rasmala”, the “Group” or the “Company”) announces its audited results for the year ended 31 December 2015.
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)
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