In September, the CLS Group will pay an interim dividend for 2021 of 2.35 pence per share, which is at the same level as the 2020 interim dividend.
Other financial:
EPRA NTA down 2.3% and EPRA NAV down 1.9% primarily as a result of foreign exchange reductions from strengthening sterling with the portfolio valuation flat in local currency
Like-for-like portfolio valuation up 0.2% in local currency with an increase in Germany of 1.5%, offset by declines in France of 0.1% and the UK of 0.5%
Profit before tax down 21.6% to £24.7 million (30 June 2020: £31.5 million) from investment property valuation decline of £2.8 million (30 June 2020: £2.7 million uplift) and FX reductions of £1.9 million (30 June 2020: £3.1 million gain) partly offset by cost savings
EPRA EPS down 22.9% from foreign exchange reductions, lower income from their hotel and student operations and lower dilapidations income. Statutory EPS down 58.5% due to increased deferred tax liabilities following the enactment of the change in future UK corporation tax rate from 19% to 25%
Total accounting return of (0.8)% (30 June 2020: 4.6%)
