Accuracy Coverage Pricing Contact

PPHE increases its 2018 interim dividend by 45%

Investment Tools Ltd.
PPHE increases its 2018 interim dividend by 45%

PPHE 2018 interim results

Solid first half performance delivering year-on-year revenue growth, with trading maturing across recently opened hotels in 2016 and 2017 and improved trading across several operating regions  

Reported total revenue increased by 5.0%, to £148.8 million (H1 2017: £141.8 million). On a like-for-like basis1 total revenue increased by 4.4% to £148.0 million (H1 2017: £141.8 million) 

EBITDA increased by 1.7% to £40.6 million (H1 2017: £39.9 million). On a like-for-like basis1 EBITDA increased by 0.5% to £40.6 million (H1 2017: £40.4 million) 

RevPAR increased by 2.5% to £85.7 (H1 2017: £83.6). Like-for-like1 RevPAR increased by 2.9% to £86.0 (H1 2017: £83.6)  

Normalised profit before tax increased by 62.4% to £5.1 million (H1 2017: £3.1 million). Reported profit before tax2 increased by 384.6% to £16.4 million (H1 2017: £3.4 million)  

Normalised EPS3 was £0.15 (H1 2017: £0.08), reported EPS was £0.42 (H1 2017: £0.09) 

First time disclosure of The European Public Real Estate Association (EPRA) performance measurements to aid investors in analysing the Group's real estate business: 

o The EPRA NAV per share as at 30 June 2018 was £24.21 per share, which is a 0.8% increase since 31 December 2017 (£24.02 per share)  

o Last 12 months (LTM) adjusted EPRA Earnings per share to 30 June 2018 increased by 3.8% to £1.08 per share (12 months ending 31 December 2017: £1.04) 

Interim ordinary dividend of 16.0 pence per share, up 45% from last year (H1 2017: 11.0 pence per share), which is in line with the Company's progressive dividend policy

Companies mentioned

Latest News

Investment Tools Limited

Avon Rubber 2018 final results

Read more
Investment Tools Limited

Workspace 2019 interim results

Read more
Investment Tools Limited

Land Securities 2018 interim results

Read more
Investment Tools Limited

DCC 2019 interim results

Read more
Investment Tools Limited

B&M European value retail 2019 interim results

Read more
Investment Tools Limited

Adept technology 2019 interim results

Read more
Investment Tools Limited

Softcat 2018 final results

Read more
Investment Tools Limited

Bellway 2018 final results

Read more
Investment Tools Limited

Ferguson 2018 Final results

Read more
Investment Tools Limited

Inland Homes 2018 final results

Read more
More News