Millwall Holdings Plc announced its financial results for
the 12 month period to June 2011 which showed a reduction
in the loss from operations to £600,000 in 2010/11 from
£3.4m the previous year.
The group's net assets have increased to £2.6m as at
30th June 2011 from a deficit of £5.1m 12 months
previously.
This financial year (to 30th June 2011) has produced the
best financial results since the FA Cup Final year of
2003/4.
In his statement accompanying the figures, company and
football club chairman John G Berylson made the following
observations:
"The 2010/11 campaign was a very satisfactory one with
the team finishing a creditable 9th having returned to the
Championship in May 2010.
The progress made by the team has been matched by that off
the field.
At last year's AGM we were successful with an Open
Offer which strengthened the Balance sheet and reduced the
Company debt position whilst providing funds for the
football club to continue to progress.
The support I and the board received from shareholders and
supporters was both vital and welcome.
We will continue to look at ways in which we can become
more cost efficient across the whole Group which will
enable us to maximise the football budget available to the
manager.
Our operational policy has provided stability, a key word
in the world of football."
To read the financial figures and the chairman's
statement in full go to www.millwallholdingsplc.co.uk
End-of-day quote
Other stock markets
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5-day change | 1st Jan Change | ||
- GBX | -.--% | -.--% | -.--% |
1st Jan change | Capi. | |
---|---|---|
-6.06% | 3.6B | |
-21.30% | 2.68B | |
-16.28% | 1.76B | |
+23.84% | 1.19B | |
-20.38% | 1.14B | |
+11.67% | 1.03B | |
-5.97% | 892M | |
+33.59% | 868M | |
+5.46% | 793M |
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