Overview. First Property’s (Fprop) final results reflect the full year benefits of rental income from prior year property purchases but this was more than offset by profit headwinds from the weaker euro of £0.7m and lower one off performance and deal fees of £1.3m (2015: £4.0m), leaving reported PBT down 9% at £7.35m. We note that reported results include a number of other one off items, reflecting the (non cash) IFRS FX treatment of Fprop’s loans and prope
09 Jun 2016
Finals – NAV up 20% & growing recurring earnings
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Finals – NAV up 20% & growing recurring earnings
First Property Group plc (FPO:LON) | 18.9 0 0.0% | Mkt Cap: 21.0m
- Published:
09 Jun 2016 -
Author:
Chris Thomas -
Pages:
3
Overview. First Property’s (Fprop) final results reflect the full year benefits of rental income from prior year property purchases but this was more than offset by profit headwinds from the weaker euro of £0.7m and lower one off performance and deal fees of £1.3m (2015: £4.0m), leaving reported PBT down 9% at £7.35m. We note that reported results include a number of other one off items, reflecting the (non cash) IFRS FX treatment of Fprop’s loans and prope