LONDON Nexis Holdings PLC (NHN.F) today, has released its preliminary full year results to 31 October 2010. The proposed timetable for the release of its audited financials is January 31, 2011
Central, Hong Kong, December 23, 2010 — We are pleased to report the 2010 preliminary financial results of Nexis Holdings PLC for 2010.
This has been a year of continued growth for Nexis, which is reflected in the results. In particular, the company has:
•Reported a profit of Euro €28 million which is a 42 % increase over the prior year.
•Enhanced Shareholder value, with Shareholder Equity having increased from Euro €1.4 billion in 2009 to Euro €3.8 billion in 2010.
•Healthy cash flows built upon funding of projects through equity and internal accruals where possible, with reduced dependence on leveraging.
Over the past year, Nexis has made strategic investments and property acquisitions that have secured good value for the company. With a diversified business base and operations now being built in North America, Asia, Europe, South Africa and Australia, Nexis has been able to sustain strong growth in all its business units.
Walter Filler, Executive Chairman said that he was very pleased with the company’s performance for the year, thanking the management for their hard work and shareholders for their support through the year. He said that Nexis was well positioned to deliver on its growth and expansion strategy in the coming year.
CEO/President, Rahoul Ray said the recent conversion to PLC status and initiatives to broaden Nexis capital and shareholder base were key planks in its expansion strategy. He said that the program of asset acquisitions would continue in 2011 including investment into developing new earnings streams. He said that these should drive increased working capital, liquidity and earnings per share for Nexis in the coming year.”
About Nexis Holdings PLC
Nexis is a global company with technology to deliver high volume building materials using green technology that processes clean recyclable materials ordinarily destined for landfills. Nexis plant configurations can process over 750,000 tonnes of recyclable material and produce over 60,000 completed dwellings every year. Nexis has contracted to establish plants in a number of projects worldwide, representing a processing capacity of 5 million tonnes per annum. Nexis Holdings PLC (www.nexisholdings.com) listed on the Frankfurt Stock Exchange (symbol “NHN.F”) in February 2009.
Current Stock Quote: http://www.boersefrankfurt.de/EN/index.aspx?pageID=35&ISIN=GB00B3FDLT07
Further Information: [email protected], GLOBAL HEAD OFFICE:, Lv 15 Nexxus Building, 41 Connaught Road, Central Hong Kong, Tel: +852 3757-9594, Fax: +852 3757-9500, (www.nexisholdings.com)
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Contact:
Michael Westhaver
Nexis Holdings
Lv 15 Nexxus House
41 Connaught Road
Central,Hong Kong
852 3757 9594
[email protected]
http://nexisholdings.com
