Songbird Estates Plc (SBD.OL) Friday announced the financial results for the six months ended 30 June 2012, reporting a sharp decline in profit after tax for the period in comparison with the corresponding period last year, despite slight increase in rental income, negatively impacted by charges.
The company reported Profit after tax for the six-month period ended 30 June 2012 of 82.3 million pounds, sharply lower than profit of 135.3 million pounds reported for the corresponding 6-month period in the previous year.
Basic and diluted earnings per share for the six-month period declined to 7.0 pence from 11.7 pence per share reported for the corresponding period in the previous year.
Rental Income for the first half of 2012 increased to 130.3 million pounds from 124.6 million pounds reported for the year-ago period.
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by RTT Staff Writer
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