Daejan Holdings Plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2017
November 29, 2017 at 12:30 pm IST
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Daejan Holdings Plc announced unaudited consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported total rental & related income from investment property of £71,270,000 compared to £70,214,000 last year. Net rental & related income from investment property was £32,347,000 compared to £32,193,000 last year. Profit before taxation was £56,643,000 compared to £65,112,000 last year. Profit attributable to equity holders of the parent was £45,423,000 compared to £61,284,000 last year. Basic and diluted earnings per share were £2.79 compared to £3.76 last year. Net cash from operating activities was £13,708,000 compared to £4,764,000 last year. Capital expenditure was £13,273,000 compared to £2,939,000 last year.
Daejan Holdings Plc, through its subsidiary companies, is engaged in the business of investment in commercial, industrial and residential properties in the United Kingdom and also on the eastern seaboard of the United States. The Company holds its properties for the long term in order to generate rental income and capital appreciation. The Company's segments include UK and USA. Its category of residential properties in the United Kingdom includes residential apartments and houses, and its commercial properties include office units, retail units, industrial units, leisure and service units, and land and development. The Company's category of residential properties in the United States includes residential apartments and unsold co-operative residential apartments, and commercial properties include commercial offices and retail units. It owns Chalet Court in Tampa, Florida, which is a garden apartment complex comprising a total of over 240 residential units.