5th Jan 2016 07:39
LONDON (Alliance News) - Private rented sector and regeneration property firm Sigma Capital Group PLC said on Tuesday it expects to outpace market expectations for the full year following a strong second half.
Sigma Capital said its pretax profit for the year to the end of December is set to be around GBP2.0 million, significantly ahead of current market expectations. According to Morningstar, brokers expect the group to post a pretax profit of GBP1.5 million for the year.
Sigma Capital said the second half had been very strong, with its delivery of new private rented sector units ahead of its original expectations. It added it remains well positioned for 2016, with its current work programmes in progress ahead of plan.
By Sam Unsted; [email protected]; @SamUAtAlliance
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