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EcoVista PLC (EVTP) 3 June 2019  ECOVISTA PLC   INTERIM RESULTS FOR THE SIX MONTHS TO 28th February 2019  Chairman's statement  I have great pleasure in announcing the Company's interim results.  The unaudited financial results for the 6 months to 28th February 2019 show a loss of GBP 202,492 (12 months ended 31st August 2018: £238,454).   CASH FLOW AND FUNDING    Cash in hand at 28th February 2019 of £418,537, which, under analysis adequately covers routine running expenses.  OUTLOOK    The continuing delay to the outcome of Brexit has seen the housing market slow down across the country. The local market to the Company's headquarters is holding up well, although valuers are downgrading future values which is making traditional bank funding much more difficult.  The building of the 5 bedroom, 4,500sq. ft. property at 100 Rye Street has now finished and will be marketed at £1,750,000 from the beginning of June.  The Company has an 80% investment in Start Hill Limited which owns a 4 bedroom detached property, near to Stansted Airport. This property is currently let on an assured short-term tenancy and the Board are confident that planning will be granted for at least 7 new homes on this site.  The neighbouring property and land has been granted permission for 9 new homes. We are currently seeking to raise funds in order to purchase this site and build out the planning permission that we have been granted.  The Company continues to support its interest in Cignella Srl. We will continue to look at any opportunities to secure further funding in order to exercise our option on Cignella Srl.  The Directors are actively seeking further inward investment, with current deal flow far outweighing the access to capital. A number of investors seem to be waiting for the outcome of Brexit before making any investment decisions.  David Barnett Chairman   The directors of Ecovista accept responsibility for this announcement. For further information:  ECOVISTA Plc  Tel: +44 (0) 1279 654151  NEX EXCHANGE CORPORATE ADVISER: Alexander David Securities Limited David Scott - Corporate Finance James Dewhurst - Institutional Sales Telephone: +44 (0) 20 7448 9820 -securities.com 49 Queen Victoria Street, London EC4N 4SA   ÂEcovista Plc Consolidated Income Statement For the period ended 28 February 2019 Â
  ÂEcovista Plc Statements of Financial Position As At 28 February 2019 Â
  Â    The directors of Ecovista Limited accept responsibility for this announcement. For further information:  Ecovista Plc 100 Rye Street, Bishops Stortford Hertfordshire CM23 2HH United Kingdom Tel: +44 (0) 1279 654151 /   CORPORATE ADVISER AND CONTACT DETAILS:  Alexander David Securities Limited David Scott - Corporate Finance James Dewhurst - institutional Sales Telephone: +44 (0) 20 7448 9820 49 Queen Victoria Street EC4N 4SA -securities.com |
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| ISIN: | GB00B0W5NJ22 |
| Category Code: | IR |
| TIDM: | EVTP |
| LEI Code: | 2138009TFBHJ8KVP2S10 |
| Sequence No.: | 8931 |
| EQS News ID: | 818357 |
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| End of Announcement | EQS News Service |
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