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Interim Results

St Modwen Properties sees H1 profit dip as divi up

04 July 2017 09:26

St Modwen Properties has posted a statutory H1 pretax profit of £31.6m, down from £35.5m a year previous.

Net asset value per share was 439.6p, from 431.0p. Interim dividend was up 4.1% to 2.02p a share, from 1.94p.

"The business continued its resilient performance across the first six months of the year, despite an uncertain market environment, with all parts of the Group contributing positively," said CEO Mark Allan.

"We also concluded our strategy and portfolio review, which has confirmed the significant potential present in our business and pipeline and we are now focused on realising these opportunities in the months and years ahead."

At 9:26am: (LON:SMP) St Modwen Properties PLC share price was -4.65p at 356.35p

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