18th Jul 2022 10:10
Circle Property PLC - London-based buyer, developer and manager of regional office assets in UK - Posts a pretax profit of GBP5.8 million in the year ended March 31, swinging from a loss of GBP2.7 million the previous year. Cites a combination of operational profit and revaluation gains for the swing. Rental income falls 2.6% to GBP7.5 million from GBP7.7 million. Notes 5.5% like-for-like growth in property portfolio value from March 31, 2021. Net asset value per share rises to GBP2.81 at March 31 from GBP2.74 at the same time the previous year. Proposes final dividend of 3.5 pence, down from 4p a year prior. Total payout, however, increases to 7p per share from 6.5p the previous year.
Current stock price: 242.40 pence, up 0.6% in London on Monday morning
12-month change: up 18%
By Heather Rydings; heatherrydings@alliancenews.com
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