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British Land Company Posts Pretax Loss In FY - Quick Facts

British Land Company plc (BRLAF.PK,BTLCY.PK,BLND.L) reported that its fiscal year underlying profit was down 10.5% from previous year, primarily reflecting one off surrender premia of 20 million pounds received in the prior year. Excluding the one-off surrender premia, underlying EPS was marginally down 1% with strong like-for-like rental growth in Offices and the benefits of share buyback mostly offsetting the impact of sales and CVAs and administrations amongst retailers.

For the fiscal year, British Land reported a pretax loss of 319 million pounds compared to profit of 501 million pounds, previous year. Loss per share was 30.0 pence compared to profit of 48.5 pence. Underlying profit was down 10.5% to 340 million pounds. Underlying earnings per share was down 6.7% to 34.9 pence.

Fiscal year revenue was 904 million pounds, compared to 639 million pounds, last year. Underlying revenue declined to 554 million pounds from 561 million pounds.

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