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Daejan makes steady progress

Wed, 17th Aug 2011 13:01

Property business Daejan has reported that its net rental income for the period ending 30 June was in line with expectations. In a statement the company said: "There were no significant sales of property in the first quarter."The major project to refurbish and extend our existing property Africa House in Kingsway, West London, commenced on site in January with a construction programme of two years."The share price was up 1.67% to 2,552.00p at 13:09. NR

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Daejan delivers higher full-year earnings

The sale of investment property and an increased portfolio value helped drive a strong rise in annual profits at Daejan Holdings. According to its preliminary results for year ended March 31st, pre-tax earnings jumped from £111.68m to £164.51m on almost flat rental income of £112.20m (2013: £111.

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