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Don't have an account? Click here to register.Daejan dives into the red
Wed, 15th Jul 2009 17:50
Property group Daejan Holdings slumped into the red in the year to end-March after taking a £262m hit on the value of its properties.In the year to 31 March 2009 the company made a loss before tax of £248m, versus a pre-tax profit the year before of £47.1m.Gross rental income rose to £83.9m from £73.6m."Our core rental activity remains strong and this enables the board to recommend a final dividend of 48p per share in respect of the year ended 31 March 2009," the company's chairman B S E Freshwater said.Total dividends for the year remain unchanged at 73p.
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UK property group Daejan increases first-half profits
Daejan Holdings reported a jump in pre-tax profit in the first half as the British-based property business saw gross rental income grow. Pre-tax profit rose to £134m in the half year to 30 September from £76m a year earlier, after accounting for a net valuation gain on investment properties of £107.
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