British Land: profits before tax STG 65 mln

High quality properties in a diversified portfolio, occupied by strong tenants and long leases, have safeguarded BLC´s committed cashflow. Gross rent, including joint ventures, rose by STG 18.6 mln to STG 266 mln, up 7.5%.

Profit before tax for the first half year ending September 30, 2002, were STG 65 mln. Payout dividend will be lifted by 7.9% to 4.1p per share. Fully diluted net assets per share rose by 2.4% to 822p per share.

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(source: British Land)

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