6th Feb 2014 09:55
LONDON (Alliance News) - Residential property investor Mountview Estates PLC Thursday said pretax profit for the period since April 1, 2013 has increased 22%, while gross profit is up 11% compared with the corresponding period.
In an interm management statement covering the period from the beginning of the group's financial year, the firm said earnings per share rose 23%.
"These figures show a position of strength at the end of our third quarter but the final quarter must give a strong performance before we can confirm increases for the full year," the company said.
Mountview said it is well placed to make any suitable purchases as it had reduced its debt.
The stock was trading at 6,924.00 pence early Thursday morning, up 24.00 pence or 0.4%
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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