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Annual Results

Daejan profits fall

06 July 2016 09:14

Daejan Holdings posts a pre-tax profit of £173.2m for the year to the end of March compared with a restated £277.5m in 2015.

The revaluation of the investment property portfolio at the year end has resulted in a net valuation surplus for the year of £117,947,000 (2015 - £229,722,000).

The board has recommended a final dividend of 58p per share payable on 11 November to shareholders on the register on 14 October. This will make a total dividend for the year of 93p (2015 - 88p).

Earnings per share is calculated by reference to profit on ordinary activities after taxation attributable to equity holders of the parent of £142,900,000 (2015 - £227,395,000) and 16,295,357 (2015 - 16,295,357) ordinary shares being the weighted average number of ordinary shares in issue during the year.

At 9:14am: (LON:DJAN) Daejan Holdings PLC share price was +57p at 4853p

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