First Property H1 pre-tax profit £1.6m, up 167%

AIM-listed First Property Group on Thursday reported pre-tax profit for the six months to end-September were up 167% at £1.6 mln (EUR 2.22 mln), as diluted earning per share grew by 174% to 96p. The company said it would pay its first dividend, set at 0.15 pence per share. Revenues from asset management were up 150% at £1 mln, and First properties Services generated a pre-tax profit of £ 345,000, up from £79,000 in the year earlier period.

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