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BRIEF-Hansteen says HY ‍IFRS pre-tax profit increased by 185.6 pct​
August 23, 2017 / 6:12 AM / 2 months ago

BRIEF-Hansteen says HY ‍IFRS pre-tax profit increased by 185.6 pct​

Aug 23 (Reuters) - Hansteen Holdings Plc

* HY ‍IFRS PRE-TAX PROFIT INCREASED BY 185.6% TO £156.5 MILLION (H1 2016: £54.8 MILLION)​

* HY ‍EPRA NAV PER SHARE INCREASED BY 2.8% TO 132.5P (31 DECEMBER 2016: 128.9P)​

* HY ‍NOVEMBER INTERIM DIVIDEND INCREASED BY 4.5% TO 2.3P PER SHARE (NOVEMBER 2016: 2.2P PER SHARE)​

* HY ‍NORMALISED INCOME PROFIT (NIP) INCREASED BY 25.9% TO £38.9 MILLION (H1 2016: £30.9 MILLION)1​

* HY ‍PROPOSES TO RETURN UP TO £580 MILLION IN AGGREGATE TO SHAREHOLDERS WHICH IS EQUIVALENT OF 70P PER SHARE​

* HY ‍CURRENTLY ANTICIPATES THAT THIS RETURN WILL BE IMPLEMENTED BY END OF 2017​

* HY ‍BOARD‘S INTENTION IS TO ENSURE THAT £580 MILLION IS TREATED AS A CAPITAL RETURN AND NOT AN INCOME RETURN​

* ‍THERE IS SCOPE TO INCREASE DIVIDENDS (ON A FULLY COVERED BASIS) FROM HISTORIC LEVELS

* ‍STRONG OCCUPIER DEMAND HAS RESULTED IN INCREASING RENTS PER LET SQUARE FOOT AND IT LOOKS AS THOUGH THIS TREND WILL CONTINUE​ Source text for Eikon: Further company coverage:

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