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LondonMetric ups divi after swinging to H1 profit on higher rental income, portfolio gains
StockMarketWire.com
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Property company LondonMetric upped its dividend after swinging to a first-half profit thanks an uptick in rental income and portfolio revaluation gains. For the six months ended 30 September 2020, pre-tax profit was £85.4 million compared with a loss of £10.7 million a year earlier as revenue rose to £60.7m from £53.5m. The company reported a portfolio revaluation gain of £42.8 million compared with £16.6m last year. Net rental income was up 12% to £61.3m and EPRA earnings were up 20% to £42.3m. The company lifted its interim to 4.2p a share from 4p last year.
At 8:30am: (LON:LMP) Londonmetric Property PLC share price was 0p at 229.2p
Story provided by StockMarketWire.com
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