The Chairman, Mr B S E Freshwater, today announced Preliminary Results for the year to 31 March 2015.
The financial highlights for the year ended 31 March 2015 are as follows:
|
|
2015 |
|
2014 |
|
|
|
£000 |
|
£000 |
|
|
Investment property |
1,855,230 |
|
1,546,718 |
|
|
Net rental and related income from investment property |
58,935 |
|
43,413 |
|
|
Profit before taxation |
271,940 |
|
164,505 |
|
|
Total equity |
1,333,649 |
|
1,110,637 |
|
|
Equity shareholders' funds per share |
£81.84 |
|
£68.15 |
|
|
Earnings per share |
£13.68 |
|
£9.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
The revaluation of the investment property portfolio at the year end has resulted in a net valuation surplus for the year of £229,722,000 (2014 - £119,648,000). The board has recommended a final dividend of 53p per share in respect of the year ended 31 March 2015 payable on 13 November 2015 to shareholders on the register on 16 October 2015. This will make a total dividend for the year of 88p (2014 - 82p).
Earnings per share is calculated by reference to profit on ordinary activities after taxation attributable to equity holders of £222,840,000 (2014 - £149,772,000) and 16,295,357 (2014 - 16,295,357) ordinary shares being the weighted average number of ordinary shares in issue during the year.
