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Ground Rents Income Fund pre-tax profits rise

25 May 2016 09:36

Ground Rents Income Fund's net asset value per share rose to 118.9 pence in the six months to the end of March - up from 114.3 pence at the end of September.

Portfolio value rose to GBP111.5 million (30 September 2015: GBP104.2 million) and revenues increased to GBP2.3m from GBP2.0m a year ago.

GRIF posts a pre-tax profit of GBP6.1 million (H1 2015: £3.3 million), including £4.3 million revaluation gain (H1 2015: £1.8 million).

At 9:36am: (LON:GRIO) Ground Rents Income Trust share price was 0p at 117.5p

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