Halladale Group plc said its pre-tax profit for the six months to October grew by 71% with the average value of acquisitions and sales in the period totaling £141m against £28m previously.
The property co-investment, trading and development company posted first half pretax profits of 1.76 mln stg against 1 mln last time and upped its interim dividend to 1 pence a share from 0.7 pence previously.
'Performance of the Halladale Group continues to accelerate and I am pleased to report significant increases across all of our key performance benchmarks,' said chief executive David Lockhart.
On trading to date, Lockhart said there had been no let-up in activity, with a significant number of deals either completed or in the pipe-line.
'The second half of the financial year has started strongly and activity levels remain high... With our proven management skills and increased financial strength I view the future with great confidence,' said the chief executive.
The group sees investment demand from institutional and private investors remaining strong in 2005.
www.efreeman.co.uk
Source: Freeman
