First Property Group announce an interim dividend of 0.25 pence per share

DividendMax Ltd.

First Property Group announce an interim dividend of 0.25 pence per share

The First Property Group Directors have decided to pay an interim dividend of 0.25 pence per share (30 September 2020: 0.45 pence per share). It will be paid on 7 January 2022 to shareholders on the register at 3 December 2021, with an ex-dividend date of 2 December 2021.

Other financial highlights include:

Profit before tax: £6.67 million (30 September 2020: £2.08 million);

Cash reserves: £12.24 million (31 March 2021: £16.24 million);

Substantially reduced net debt: £12.56 million (31 March 2021: £18.85 million);

AUM: £576 million (31 March 2021: £569 million), of which £533 million managed for third parties (31 March 2021: £527 million);

The market value less gross debt of Group Properties amounts to some £46.49 million, of which some 93% or £43.44 million is invested in Poland and Romania.

Companies mentioned