8th Jul 2015 06:56
LONDON (Alliance News) - Daejan Holdings PLC Wednesday said that pretax profit increased by two-thirds in its last financial year, as income from investment property rose and it recorded net valuation gains on investment property.
In a statement, the FTSE 250-listed property business said pretax profit increased to GBP271.9 million in the year ended March 31, compared with GBP164.5 million in the prior year.
Net rental and related income from investment property rose to GBP58.9 million from GBP43.4 million, while net valuation gains on investment property jumped to GBP229.7 million from GBP119.6 million.
The company upped its dividend for the year to 88 pence from 82p.
By Samuel Agini; [email protected]; @samuelagini
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