Primary Health Properties Plc (PHPRF.PK) reported Monday significantly higher profit in its first half amid growth in net rental income.
In the first half, IFRS profit was 59.4 million pounds, up from last year's 3.6 million pounds. IFRS earnings per share were 4.4 pence, compared to 0.3 pence a year ago.
Adjusted earnings were 47.3 million pounds, compared to 46.3 million pounds a year earlier. Adjusted earnings per share were 3.54 pence, compared to 3.46 pence last year.
Net rental income grew 3.1 percent to 78.6 million pounds from 76.2 million pounds in the prior year, mainly driven by rent reviews and asset management projects.
IFRS NTA per share edged up 1 percent to 104.0 pence, and adjusted NTA per share grew 1.1 percent to 106.2 pence.
Investment portfolio valuation was 2.81 billion pounds, up 0.7 percent from 2.75 billion pounds a year ago.
In addition, the company noted that a further interim dividend payment is planned to be made in November 2025, which is expected to comprise a mixture of both Property Income Distribution and normal dividend.
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