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Interim Results

Phoenix Spree Deutschland interim profit jumps

26 September 2017 08:34

Phoenix Spree Deutschland has quadrupled its interim pre-tax profit to €63.1m after the value of its portfolio increased by 22.6%.

The company said the Berlin property market outlook remains favourable and that it's on track to deliver a strong financial performance for the full year 2017.

"I am delighted to announce another strong set of results following an active start to the year in which the company has delivered strong rental growth and enhanced its portfolio in Berlin where the outlook remains particularly positive," chief executive Robert Hingley said.

At 8:34am: (LON:PSDL) Phoenix Spree Deutschland share price was +6.25p at 315.25p

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