PMP Full Year Financial Report 2012 - Loss

Printer and publisher PMP (ASX: PMP) have released their full year financial results for FY 2012 to the ASX stockmarket.

• PMP headline loss of $24.5 million, doubling losses reported from last years' results of a $11.3 million loss.
• The company is moving to capitalise on strong investor demand for industrial portfolios with the sale and leaseback of four facilities across Australia which would appeal to industrial developers such as the Goodman Group, Dexus and GPT, among others.
• PMP owns properties in Moorebank in NSW, Clayton in Victoria, Wacol in Queensland and Bibra Lake in Western Australia and the portfolio is said to be worth $75 million.
• Sales declined 8.4 percent to $1.09 billion.
• Dividend is 1 cent per share.
• The company's debt-to-equity ratio rose to 44.7 percent from 39.7 percent.
• The deals above will be used to repay debt.
• PMP shares closed 1.5 cents lower at 28 cents on ASX market close on Monday.