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DCI Advisors Ltd on Wednesday said it is well placed to move toward its first distribution of capital to shareholders as it reported results for the 18-month period to the end of June. The British Virgin Islands-based investor in residential resorts in Greece and Cyprus reported revenue of €3.4 million for the 18-month period, compared to €162,000 for the 2023 calendar year. The firm reported a pretax loss of €17.4 million compared to €523,000 in 2023. It declared no dividend during the period, unchanged from 2023. In December 2024, DCI announced a change in the financial year end of December 31 to June 30. Going forward, it will report interim results for the six-month period to Wednesday, with annual accounts to be published for the year to the end of June 2026. ‘Asset sale proceeds have so far been used to pay back shareholder loans and settle trade creditor bills particularly from the construction of the golf course at Kilada but we do believe that the company is near to the point where it will have surplus capital,’ DCI Advisors Chair Sean Hurst added. Looking ahead, the firm said it is now well placed to move toward its first distribution of capital to shareholders. ‘Discussions relating to Lavender Bay and other portfolio assets further strengthen the pipeline of potential realisations,’ said Managing Directors Nicolai Huls and Nick Paris. ‘Shareholders should understand that the company operates in three different countries each of which has its own market dynamics for development land similar in size and location to the ones that it owns. Sales of such land does take time in order to achieve sensible and not fire sale prices as does the sale completion process involving detailed due diligence on land titles by the buyers and obtaining appropriate tax clearances for any sales,’ they said. The firm added that cost cutting and the receipt of cash proceeds from asset sales and the DCP settlement have put the firm in a better funded situation. DCI Advisors said it has repaid around €5.7 million during 2025, with the remaining balances scheduled for repayment in 2026. Shares in DCI Advisors closed up 3.3% at 5.00 pence on Wednesday in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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