23rd Dec 2015 16:16
LONDON (Alliance News) - Caledonian Trust PLC on Wednesday said its net asset value per share and pretax profit both rose in its last financial year.
The property investment company reported a pretax profit of GBP565,000 in the year ended June 30, up from GBP164,000 the year before, while its NAV per share was 151.99 pence, compared with 147.19p a year before.
Income from rent and service charges slipped slightly to GBP334,000 from GBP344,000 and there were no sales of investment properties in the year, but profit on the sale of development properties was GBP168,000 compared with GBP33,000.
"The prospects are very good provided economic and political stability continues, which I expect," Chairman Douglas Lowe said in a statement.
Shares in Caledonian Trust were untraded on Wednesday, last quoted at 110.00 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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