The recent interims demonstrated the core strengths of the group in ‘an active and successful period'. Interim EPRA NAV increased by 7.9% to 1,914p, despite some adverse forex movements, as CLS benefitted from strong operational earnings and a rise in property values. London and the rest of the UK (accounting for 57% and 8% of the portfolio respectively) demonstrated the strongest growth. Profit after tax increased by 10.6% to £68.6m. CLS has continued to undertake acquisitions an

24 Aug 2015
Panmure Morning Note 24-08-15

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Panmure Morning Note 24-08-15
CLS Holdings plc (CLI:LON) | 61.0 -0.3 (-0.8%) | Mkt Cap: 242.8m
- Published:
24 Aug 2015 -
Author:
Peter Ashworth -
Pages:
3 -
The recent interims demonstrated the core strengths of the group in ‘an active and successful period'. Interim EPRA NAV increased by 7.9% to 1,914p, despite some adverse forex movements, as CLS benefitted from strong operational earnings and a rise in property values. London and the rest of the UK (accounting for 57% and 8% of the portfolio respectively) demonstrated the strongest growth. Profit after tax increased by 10.6% to £68.6m. CLS has continued to undertake acquisitions an