mar city plc (MAR) Snapshot

Mar City plc announced that it has changed its registered office to 113-115 Great Hampton Street, Hockley, Birmingham, B18 6ES.

Mar City plc announced that it has signed a contract with Mar City Developments Limited for the construction of 137 units (both houses and apartments) on a site in the West Midlands. The units being constructed will be for sale both to Housing Associations and to the open market and are supported by funding from the "Get Britain Building" initiative. The value of the contract is approximately £10.9 million.

Mar City plc reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of GBP 2,473,000 compared to GBP 469,000 a year ago. Profit from operations was GBP 1,019,000 compared to loss from operations of GBP 1,262,000 a year ago. Profit on ordinary activities before taxation was GBP 978,000 compared to loss on ordinary activities before taxation of GBP 1,285,000 a year ago. Profit on ordinary activities after taxation was GBP 978,000 or 0.39 pence basic and diluted per share compared to loss on ordinary activities after taxation of GBP 1,285,000 or 0.54 pence basic and diluted per share a year ago. Net cash inflow from operating activities was GBP 259,000 compared to net cash outflow from operating activities of GBP 1,203,000 a year ago. Payments to acquire tangible assets were GBP 25,000. Payments to acquire intangible assets were GBP 45,000.