Drum Income Plus REIT plc Intends to Pay Dividends for the Quarters Ending 30 June 2016 and 30 September 2016; Announces Unaudited Earnings Results for the Six Months and Full Year Ended March 31, 2016
The company announced unaudited earnings results for the six months and full year ended March 31, 2016. For the six months, the company reported total revenue of £1,158,000. Loss before finance costs and taxation was £754,000. Loss before taxation was £789,000. Loss for the period was £789,000 or 2.47 pence per basic and diluted share.
For the year, the company reported total revenue of £1,203,000. Loss before finance costs and taxation was £1,301,000. Loss before taxation was £1,299,000. Loss for the period was £1,299,000 or 4.85 pence per basic and diluted share. Net cash inflow from operating activities was £1,391,000. Purchase of investment properties was £42,500,000. Net asset value was 92.88 pence per ordinary share as of March 31, 2016 compared to 100 pence per ordinary share as of March 31, 2015.