Slough Estates financial year pre-tax slightly higher at 146.8m (UK)

Slough Estates plc said pre-tax profits in the full year rose to £146.8m before exceptionals from £140.1m a year earlier, while net asset value rose 11.7% to 564 pence per share.

Key economic indicators are showing encouraging levels of growth and, with an increasing number of enquiries, it expects to see improving demand for its core business space portfolio in 2005 and beyond, the property group said in a statement.

Property investment income was up at £247.3m for the year to 31 December 2004 from £238.2m previously.

Slough is raising the final dividend to 9.85 pence a share from 9.2p, and the total diiv to 16 pence from 15p.
Source: Freeman

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