Redefine basic EPS up 14.1%

Posted On Thursday, 01 May 2014 12:49 Published by
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Redefine International lifts basic earnings per share 14.1% from 1.91p to 2.18p for the six months ended February.

Mike Watters Redefine International

The company said on Wednesday that an interim dividend of 1.50p per share was paid. Operational highlights for the period included strong operating results across all income-focused business segments‚ with property portfolio valuations up 2% despite foreign exchange movements‚ the company said.

Disposals amounted £29.4m with‚ the group adopting the UK-real estate investment trust (Reit) property model. The adjusted net asset value (NAV) per share amounted to 38.14p from 38.66p in August 2013. Altogether 115.1m new Redefine International shares were placed in the market to raise £54.7m.

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