Palace Capital’s final results reflect continued high levels of activity across the portfolio, with a large number of property sales and progress on several refurbishment & redevelopment projects. Reported results demonstrate the benefits of this active management strategy, with adjusted PBT up 20% to £6.7m (Arden forecast £6.6m) and adjusted EPS up 17% to 22.2p. Reported PBT, including £3.2m of profits on property disposals and the £3.1m revaluation gain, wa
06 Jun 2017
Finals – Active management driving NAV growth
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Finals – Active management driving NAV growth
Palace Capital plc (PCA:LON) | 236 -14.2 (-2.5%) | Mkt Cap: 88.8m
- Published:
06 Jun 2017 -
Author:
Chris Thomas -
Pages:
4
Palace Capital’s final results reflect continued high levels of activity across the portfolio, with a large number of property sales and progress on several refurbishment & redevelopment projects. Reported results demonstrate the benefits of this active management strategy, with adjusted PBT up 20% to £6.7m (Arden forecast £6.6m) and adjusted EPS up 17% to 22.2p. Reported PBT, including £3.2m of profits on property disposals and the £3.1m revaluation gain, wa