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

Rasmala plc published this content on 27 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 May 2016 07:20:04 UTC.

Original documenthttp://rasmala.com/2016/04/27/no-4320w-results-year-ended-31-december-2015-rasmala-plc/

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