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LONDON (Alliance News) - Primary Health Properties PLC on Thursday reported growth in profit in 2015 as well as in net asset value per share, and said it is looking to invest in Ireland.
The investor in modern healthcare facilities said its pretax profit increased by more than half in 2015 to GBP56.0 million from GBP36.9 million in 2014, as its net asset value per share rose by 10% to 87.7 pence on December 31 from 79.7p a year earlier. Its total NAV return increased to 16.3% from 12.8%. Pretax profit was under International Financial Reporting Standards as adopted by the European Union, while NAV was under European Public Real Estate Association reporting rules.
Primary Health added that it has identified a number of healthcare real estate investment opportunities in Ireland that is is progressing, "an important step for the company".
"The fundamentals of the sector in both the UK and Ireland provide confidence that the assets in which we invest will continue to provide strong, reliable and growing long term returns," Chairman Alun Jones said in a statement.
Shares in Primary Health were trading up 0.7% at 107.50 pence on Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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