31st Mar 2016 11:33
LONDON (Alliance News) - Caledonian Trust PLC, the property company based in Edinburgh and listed on London's AIM, on Thursday said its pretax loss narrowed to GBP180,000 in the six months to December 31, from GBP187,000 in the corresponding half a year earlier.
One investment property was sold at a gain in the first half of Caledonian's financial year, with its remaining investment property values unchanged from the start of the half.
Income from rent and service charges was GBP175,000 in the half, compared with GBP156,000 the corresponding period the prior year. First-half administrative expenses fell to GBP332,000 from GBP363,000.
Its net asset value - assets minus liabilities - rose to 150.5 pence from 145.6p.
Shares in Caledonian Trust were untraded on Thursday, having last traded at 119.50p.
By Samuel Agini; [email protected]; @samuelagini
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