RE: results28 Mar 2014 07:52
Harworth Estates has performed strongly in its first year of trading as an independent property development company. Net assets increased to GBP235m (2012: GBP222m) on a property portfolio value of GBP278m (2012: GBP260m). A return of GBP33m was delivered on the opening property portfolio of GBP260m, with GBP24.5m from increases in valuation at year end, GBP8.3m by way of profit on its GBP19m of asset sales in the year, and GBP1.4m from operating activities.