BRIEF-Stenprop HY HEPS 3.08p

  • Reuters
  • Stock Market News
BRIEF-Stenprop HY HEPS 3.08p

Dec 4 (Reuters) - Stenprop Ltd STPJ.J :

* H1 OPERATING PROFIT ROSE 65 PERCENT TO 29.1 MILLION STG

* STENPROP - FULLY COVERED DIVIDEND AT 3.375 PENCE PER SHARE FOR SIX MONTHS ENDED 30 SEPTEMBER 2020

* STENPROP - HY HEADLINE EARNINGS PER SHARE GREW 2.0% TO 3.08 PENCE (2019: 3.02 PENCE)

* STENPROP - RENT COLLECTION FOR PERIOD REMAINED STRONG AT 90% ACROSS PORTFOLIO AS AT 30 SEPTEMBER 2020.

* STENPROP - HY NET RENTAL INCOME FOR PERIOD OF £15.0 MILLION (2019: £15.8 MILLION). PROFIT FROM OPERATIONS INCREASED 65.0% TO £29.1 MILLION (2019: £17.6 MILLION).

* STENPROP - RECYCLING OF ASSETS ON TRACK WITH SALE OF NEUCӦLLN CARRÉE RETAIL PARK IN BERLIN AT A SALE PRICE EUR 27.0 MILLION

* STENPROP - FURTHER GERMAN SALES EXPECTED IN SECOND HALF OF FINANCIAL YEAR.

* STENPROP - DIVIDEND AT 3.375 PENCE PER SHARE FOR SIX MONTHS

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