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Daejan's rental income on track

Mon, 17th Aug 2009 13:12

Property group Daejan Holdings said net rental income in the period from 1 April to 30 June in both the UK and USA is in line with expectations. Sales of properties are rarely evenly spaced throughout the year and this year is no exception with no significant sales of property to report in the first quarter, the group added.The redevelopment of commercial office properties in Worship Street in the City of London and Great Marlborough Street in the West End are now complete and are subject to marketing.

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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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