12th Nov 2024 14:22
First Property Group PLC - property fund manager and investor in UK and Central Europe - Says its first half has been "good", as the company has benefitted from several one-off events. It says this includes profit earned from property trading by an unnamed fund managed by the group, in which it holds "an associated investment". It also benefitted from the early receipt of fees from a management agreement it holds with another unnamed fund, where property disposals were made ahead of schedule.
First Property now expects pretax profit for the financial year due to end March 31 next year to exceed market expectations, though its revenue guidance remains unchanged. It did not on Tuesday specify what its full-year expectations were. The group is due to release its interim results on November 21.
Current stock price: 15.00 pence, up 7.1% in London on Tuesday afternoon
12-month change: up 4.6%
By Emily Parsons, Alliance News reporter
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