25th Jun 2015 08:46
LONDON (Alliance News) - Mountview Estates PLC said its pretax profit for its 2015 financial year rose by 13% on the back of higher revenue, and it hiked its dividend by more than a third as it said it expects another good year ahead.
Mountview said its pretax profit for the year to the end of March was GBP40 million, up from GBP35.4 million. The pretax profit is the same when stripping out the impact of investment portfolio revaluations, but the rise increases to 24% on this measure.
Revenue for the company was up 7.7% to GBP71.3 million from GBP66.2 million.
On the back of the increase in its profit, the company increased its total dividend for the year by 38% to 275 pence per share, including a 175 pence final dividend.
Mountview shares were up 0.8% to 12,097.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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