MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Segro's FY pretax profit slips as revenue rises

StockMarketWire.com

Segro's FY pretax profit has slipped to £426.4m, from £686.5m, in what it described as a strong set of results.

EPRA net-asset value per share was up 8% to 500p. The company hiked its final dividend to 11.2p a share, from 10.6p, taking the total to 16.4p, from 15.6p.

Revenue was £283.5m, £248.5m. The result benefitted from a £246m property gain, versus £461.5m a year earlier.

CEO David Sleath penned the results as a strong set.

"We have had a record year for development completions, delivering 422,000 square meters of new warehouse space, of which 80% is now let," he noted.

"We have a high quality pipeline of developments under construction and more under discussion, reflecting the continuing strength of occupier demand for, and short supply of, well located, modern urban and big box warehouses."

Sleath further said the business was well positioned, notwithstanding the current degree of political and economic uncertainty.

"We have had an active start to 2017 and we continue to see opportunities to grow our business through further disciplined investment, matched by a prudent approach to financing."





Story provided by StockMarketWire.com