Hunters Property Plc Announces Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Second Half of 2018
September 06, 2018 at 02:00 am EDT
Hunters Property Plc announced consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of £6,699,000 as compared to £6,688,000 for the same period last year. Operating profit was £353,000 as compared to £276,000 for the same period last year. Profit before taxation was £263,000 as compared to £191,000 for the same period last year. Total comprehensive income for the period attributable to equity owners of the parent was £207,000 as compared to £157,000 for the same period last year. Diluted earnings per share were 0.63 pence as compared to 0.50 pence for the same period last year. Net cash from operating activities was £222,000 as compared to £23,000 for the same period last year. Capital expenditure (tangible and intangible) was £747,000 as compared to £311,000 for the same period last year. Adjusted earnings were £646,000 as compared to £631,000 for the same period last year. Adjusted earnings per weighted average diluted shares were 1.97 pence as compared to 2.02 pence for the same period last year. Adjusted operating profit was £854,000 as compared to £800,000 for the same period last year. Profit before tax, adjusted was £714,000 as compared to £663,000 for the same period last year. Net debt as at June 30, 2018 was £2,997,000.
The Board remains confident the second half will, as usual, outperform the first and remains in line to exceed last year's full year performance despite completed sales for the market as a whole reporting a 9% decline.