Hargreaves has announced the early completion of the first significant land sale at its Unity JV. The sale of a 79 acre plot to a national retailer was originally expected to complete in the second half of FY22, but it has been brought forward at the purchaser’s request. The early completion results in a significant upgrade to FY21 earnings (EPS +26%) and a corresponding reduction in FY22 (-23%). The overall impact is net neutral but the news is indicative of the attractions of the Unity develop ....
26 Apr 2021
Early completion at Unity - earnings brought forward
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Early completion at Unity - earnings brought forward
Hargreaves Services plc (HSP:LON) | 556 -11.1 (-0.4%) | Mkt Cap: 182.4m
- Published:
26 Apr 2021 -
Author:
James Tetley -
Pages:
4
Hargreaves has announced the early completion of the first significant land sale at its Unity JV. The sale of a 79 acre plot to a national retailer was originally expected to complete in the second half of FY22, but it has been brought forward at the purchaser’s request. The early completion results in a significant upgrade to FY21 earnings (EPS +26%) and a corresponding reduction in FY22 (-23%). The overall impact is net neutral but the news is indicative of the attractions of the Unity develop ....