Half year profits boost for property group
Strong occupier demand allied with a steady stream of rental income has helped boost the half-year performance of Black Country property group, Mucklow.
For the six months ended December 31, 2017, the Halesowen-based group reported statutory pre-tax profit of £29.9m (H1 2016/17: £9.1m) - which included a revaluation surplus of £14.1m (H1 2016/17: £0.5m). EPRA net asset value per share rose by 7.4% in the six-month period to 506p.
Underlying pre-tax profit for the half year was £8m (H1 2016/17: £7.9m), while EPRA earnings p... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
