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Palace Capital PLC - London-based property investment company - Expects annual earnings for its financial year ended March 31 to be ahead of market expectations, citing a ‘significant pick-up in sales of residential units at Hudson Quarter, York’. Palace Capital reports its net debt shrinks by 38% to £73.6 million during the financial year.
The company will pay a quarterly dividend of 3.25 pence per share next Thursday, up from 2.5p a year ago. Palace Capital plans to release its annual results on or around June 14.
Current stock price: 285.00 pence, up 4.0% on Wednesday
12-month change: up 24%
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