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Annual Results

Ace Liberty and Stone pre-tax profits rise

02 October 2017 07:07

Ace Liberty and Stone's pre-tax profits rose to £1.1m in the year to the end of April - up from £612,334 last time.

The group's property holdings grew by 32% during the year to £38,979,308 and total equity attributable to owners increased to £18,150,115 from £17,946,575.

Chairman Dr Tony Ghorayeb said: 'The year to 30th April 2017 and the period since has seen several achievements, most notably the Group's property holdings now exceeding £45m and the continued support of Lloyds Bank plc in allowing us to achieve this growth.

'The issue of a £10m convertible loan note since the year end will provide us with a platform for further expansion of the portfolio in the current financial year."

Story provided by StockMarketWire.com

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