CLS has delivered a good set of interim results with Group revenue at £59.5m (+2%) and Operating profit at £41.4m (-52%) compared with our forecast of £60.9m and £66.5m respectively. The reduction in Operating profit primarily reflects a profit on revaluation of investment properties at £2.4m, which compared to £53.9m in H1 2015. EPRA earnings were up strongly at 80.5p/share (+92%). The weakness in sterling has helped EPRA net assets grow to 2282p/share (+9
