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Primary Health Properties Posts Pretax Loss In FY - Quick Facts

Primary Health Properties plc (PHP.L) reported a loss before tax of 70.2 million pounds for the year ended 31 December 2019 compared to profit of 74.3 million pounds, prior year. Loss per share was 6.5 pence compared to profit of 9.8 pence. Excluding MedicX exceptional adjustments, profit before tax was 75.9 million pounds compared to 74.3 million pounds, previous year.

For the fiscal year, EPRA earnings per share was 4.7 pence compared to 5.2 pence. Adjusted EPRA earnings improved 62.2% to 59.7 million pounds. Adjusted EPRA earnings per share was 5.4 pence compared to 5.2 pence. Excluding the impact of the MedicX merger, recurring adjusted EPRA earnings increased 19.8% to 44.1 million pounds.

Fiscal year net rental income increased to 115.7 million pounds from 76.4 million pounds, last year.

The company distributed a total of 5.6 pence per share in the year to 31 December 2019, an increase of 3.7% above last year. The company intends to maintain its strategy of paying a progressive dividend.

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