Plaza Centres plc – Approval of interim results for the six months ending June 30, 2009

July 29, 2009

Plaza Centres plc announced that the Board of Directors approved the Interim Financial Statements for the six months ending June 30, 2009.

The Company registered a Profit before Tax of EUR 654,024, compared to EUR 596,459 in 2008, a rise of 9.65%. An increase in Revenue from 2008 to 2009 was the main contributor to the increase in Profit. In fact, revenue rose from EUR 874,849 in 2008, to EUR 979,378 in 2009, an increase of almost 12%. The rise in revenue was mainly related to the impact of the new extension that was completed in 2008. Although revenue has increased, costs have also increased during the first six months, with increases in Net Finance Costs from EUR 8,194 to EUR 28,012, while Marketing, Maintenance and Administrative costs increased by just under 9%. Earnings per share for the first six months increased marginally from 4c0 in 2008 to 4c4 in 2009. The Board of Directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.