First Property’s (Fprop) interims reflect the combined benefits of growth in asset management fees and FX tailwinds, partly offset by lower contributions from property investments due to property sales, which left reported profits up 11% to £4.98m. We note that reported results include a £0.40m profit on the sale of a property, a £0.10m profit on the sale of shares in FOP and other non cash items relating to IFRS FX treatment of Fprop’s loans and property assets.
23 Nov 2017
Interims – Evolving growth story
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Interims – Evolving growth story
First Property Group plc (FPO:LON) | 19.6 0 0.0% | Mkt Cap: 21.7m
- Published:
23 Nov 2017 -
Author:
Chris Thomas -
Pages:
5
First Property’s (Fprop) interims reflect the combined benefits of growth in asset management fees and FX tailwinds, partly offset by lower contributions from property investments due to property sales, which left reported profits up 11% to £4.98m. We note that reported results include a £0.40m profit on the sale of a property, a £0.10m profit on the sale of shares in FOP and other non cash items relating to IFRS FX treatment of Fprop’s loans and property assets.