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... For the full story register now for free or login below...