Highlights: adjusted diluted net asset value plus trading stock surplus totalling 1148p per share (2004: 884p) up 30%, record profit before tax £34.9m (2004: £13.7m) - up 155%, diluted earnings per share of 110.5p (2004: 39.6p) up 179%, substantial increase in development profits and a strong performance in investment portfolio underpin results, final dividend of 11.00p per share (2004: 10.00p) - up 10%, the Company has returned £102 million to shareholders since 1 April 2004.
John Southwell, Chairman, commented; "The sale of our industrial estates at Aycliffe & Peterlee generated an exceptional profit for the Company which together with the benefits from the new diversified programme, put together from 2002, produced an excellent result. This programme, with over 30 projects under way, should continue to produce good shareholder returns for the next couple of years."
Source: Helical Bar
