SECURED PROPERTY DEVELOPMENTS PLC
Rowlandson House 289/293 Ballards Lane London N12 8NP
UNAUDITED Results for the period to 30th June 2009
The unaudited results for the six months to 30th June 2009 can be compared with
those for the same period in 2008 and for the year 2008 as follows:-
6 months ended 6 months ended Year ended
30th June 2009 30th June 2008 31st December
2008
GBP GBP GBP
TURNOVER 72052 76036 143032
Cost of Sales (10765)
GROSS PROFIT 72052 76036 132267
Administrative expenses (29293) (96310) (95901)
OPERATING (LOSS)/PROFIT FROM 42759 (20274) 36366
CONTINUING OPERATIONS
Interest received 3260 6074 26776
Interest Paid (50778) (32644) (81564)
(LOSS)/PROFIT ON ORDINARY (4759) (46844) (18422)
ACTIVITIES BEFORE TAXATION
Taxation - - -
(LOSS)/PROFIT AFTER TAXATION (4759) (46844) (18422)
(Loss)/Earnings per share (0.02)p (2.38)p (0.9)p
Bearing in mind the very low returns available on the Group''s cash deposits and
the need to stay in a positive cash position during the present difficult
economic climate the loss of £4759 for the six months ended 30th June 2009 is
not unexpected. However, every effort will be made to contain the position for
the full year.
Philip Cottam
Chairman
21st September 2009
END
SECURED PROPERTY DEVELOPMENTS PLC