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Daejan pre-tax profits rise
StockMarketWire.com
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Daejan Holdings posts pre-tax profits of £76.5m for the six months tot the end of September - up from a restated £23.3m last time.
The profit was after after accounting for the net valuation gain on investment properties of £47.7m (2012: £11.4m) and valuation gains on financial instruments of £8.5m (2012: £3.0m losses).
There was an increase of 4.1% in gross rental income and the underlying net profit before tax, i.e. excluding net valuation movements, was £20.4m (2012: £14.8m).
At 1:04pm: (LON:DJAN) Daejan Holdings PLC share price was +62.5p at 4211.5p
Story provided by StockMarketWire.com
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