May 22, 2017 3:33 PM ET

Real Estate Management and Development

Company Overview of M&L Property & Assets Plc

Company Overview

M&L Property & Assets Plc, together with its subsidiaries, engages in acquiring, developing, selling, and letting investment properties in Budapest, Hungary. It is also involved in investing directly or indirectly in a portfolio of assets or asset backed investment vehicles, including real estate, infrastructure, and closed and open ended funds through equities, debt, and derivatives. The company was formerly known as Pactolus Hungarian Property Plc and changed its name to M&L Property & Assets Plc in July 2015. M&L Property & Assets Plc was founded in 2005 and is based in Douglas, the United Kingdom.

Jubilee Buildings

First Floor

Victoria Street

Douglas,  IM1 2SH

United Kingdom

Founded in 2005

Phone:

44 1624 699000

Fax:

44 1624 699001

Key Executives for M&L Property & Assets Plc

Company Secretary and Non-Executive Director
Age: 63
Compensation as of Fiscal Year 2016.

M&L Property & Assets Plc Key Developments

M&L Property & Assets Plc, Annual General Meeting, Jul 12, 2016

M&L Property & Assets Plc, Annual General Meeting, Jul 12, 2016, at 10:00 GMT Standard Time. Location: Jubilee Buildings, Victoria Street Douglas, Isle of Man IM1 2SH United Kingdom Agenda: To receive and adopt the Report of the Directors and audited Accounts for the year ended 31 December 2015.; to reappoint CLB Coopers as auditors to the company and its subsidiaries; to authorise the directors to fix the remuneration of the auditors; to elect directors; and to approve the renewal of the current share buyback facility to purchase up to 28.6% of the current issued share capital.

M&L Property & Assets Plc Announces Consolidated Unaudited Earnings Results for the Half Year Ended June 30, 2015

M&L Property & Assets Plc announced consolidated unaudited earnings results for the half year ended June 30, 2015. For the period, the company reported rental income and related fees of EUR 248,361 against EUR 247,406 a year ago. Operating profit was EUR 47,885 against EUR 62,531 a year ago. Profit from continuing operations was EUR 13,654 against EUR 2,931 a year ago. Profit before taxation was EUR 13,654 against EUR 2,931 a year ago. Net profit attributable to equity shareholders was EUR 13,654 against EUR 2,931 a year ago. Profit per ordinary share was 0.13 cent 0.03 cent a year ago. Net asset value per share was 49.2 cents 49.5 cents a year ago. Net cash generated from operating activities was EUR 23,114 against EUR 44,487 a year ago.

M&L Property Seeks To Sell Assets

M&L Property & Assets Plc (AIM:PHU) published its half yearly report on September 16, 2015 mentioning that M&L will continue to work on reducing the Group's costs and sell further properties from the portfolio, using the sales proceeds to reduce debt.

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