30th Sep 2015 12:18
LONDON (Alliance News) - Energiser Investments PLC Wednesday reported a swing to a pretax profit for the first half of 2015, boosted by a fair value adjustment to its investment properties in Wellingborough.
The company said its net assets decreased to GBP422,000 from GBP699,000 a year before due to a reduction in the fair value of mezzanine funding provided for its Kingswood Park site in Surrey, due to a delay in the build programme.
Its residential investment portfolio of 20 properties in Wellingborough is fully let, the company said, and produced net rental income of GBP53,000.
Shares in Energiser Investments were untraded Friday morning, it last closed at 4.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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