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IN BRIEF: Primary Health interim profit jumps and payout raised

Wed, 28th Jul 2021 12:19

Primary Health Properties PLC - London-based healthcare facilities investor - Reports pretax profit for six months to June 30 up 82% to GBP72.0 million, from GBP39.6 million a year prior. Rental income grows 4.6% year-on-year to GBP71.1 million from GBP68.0 million. Property portfolio as at June 30 valued at GBP2.66 billion, up 2.6% from GBP2.58 billion in December. Net asset value per share up 2.6% to 110.3 pence from 107.5p in December.

"We continue to maintain close relationships with our key stakeholders, working closely with the NHS in the UK, HSE in Ireland, and our GP partners in both markets to help them evolve and adapt as the 'new normal' is established," Chief Executive Harry Hyman said.

Interim dividend grew 5.1% year-on-year to 3.1p per share, from 2.95p.

Current stock price: 163.00 pence

Year-to-date change: up 6.8%

By Josie O'Brien; josieobrien@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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