skip to content

Interim Results

Daejan pre-tax profits up

23 November 2016 09:17

Daejan Holdings posts pre-tax profits of £65.1 million for the six months to the end of September (2015: £58.9 million) after accounting for the net valuation gain on investment properties of £38.6 million (2015: £35.5 million).

The property portfolio has been valued by the directors based on the recommendations of the group's external advisers and continues to show modest growth in both the UK and US.

Daejan says: "We continue to see some increase in rental income in the UK and USA. The significant reduction in the sterling/dollar exchange rate in this period has resulted in USA reported rental income increasing by £2.4 million and has, on the balance sheet, produced an overall net translation gain of £20.0 million (2015: £3.7 million loss)."

At 9:17am: (LON:DJAN) Daejan Holdings PLC share price was +95p at 5705p

Story provided by

Related Company: DJAN

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.