Real Estate
By Josh White
Date: Wednesday 27 Apr 2016
LONDON (ShareCast) - (ShareCast News) - Panther Securities reported a near-doubling in profit in its 2015 final results on Wednesday, with its profit before tax for the calendar year standing at £8.47m, compared with £4.38m at the end of 2014.
The AIM-traded company's revenue was broadly flat at £14.44m, against a restated £14.83m in 2014. The largest part of its revenue was rents receivable, which increased slightly to £12.84m during the year from £12.51m.
"This substantial jump in group profits was mainly due to the increase in value of our investment properties of £3,859,000, as revalued by the independent surveyors, G L Hearn Limited, who valued our entire portfolio," said Panther chairman Andrew Perloff.
" Also, at the year end there was an improvement in our swaps liability of £1,563,000 against a 2014 loss of £9,813,000."
Panther's board recommended a final dividend of 3p per share, down from 2014's 9p. It brings the total dividend for the year to 12p per share.
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Currency | UK Pounds |
Share Price | 295.00p |
Change Today | -5.00p |
% Change | -1.67 % |
52 Week High | 315.00 |
52 Week Low | 255.00 |
Volume | 0 |
Shares Issued | 17.44m |
Market Cap | £51.45m |
RiskGrade | 234 |
Value |
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Income |
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Growth |
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Latest | Previous | |
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Special | Interim | |
Ex-Div | 26-Jan-23 | 12-Oct-23 |
Paid | 10-Feb-23 | 27-Oct-23 |
Amount | 10.00p | 6.00p |
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