Shaftesbury Capital PLC (CCPPF), a real estate investment trust, Tuesday reported profit before tax of 173 million pounds for the first half, higher than 86.3 million pounds in the comparable period last year, primarily due to gain on revaluation and sale of investment property.
The company recorded a gain on revaluation and sale of investment property of 146.7 million pounds, up from 53.2 million pounds a year ago.
Operating profit rose to 210.7 million pounds from 110.6 million pounds in the prior year.
Net profit was 151.6 million pounds or 8.3p per share, higher than 86.1 million pounds or 4.7p per share last year.
EPRA earnings increased to 43.4 million pounds or 2.4p per share from 34.6 million pounds or 1.9p per share.
Underlying earnings rose to 40.6 million pounds or 2.2p per share from last year's 34.2 million pounds or 1.9p per share.
Headline earnings were 28.7 million pounds or 1.6p per share, down from 32.9 million pounds or 1.8p per share.
Revenue for the period grew to 117.6 million pounds from 111.2 million pounds in the previous year.
EPRA net tangible assets were 3.801 billion pounds or 206.8p per share as on June 30, 2025, up from 3.671 billion pounds or 200.2p per share on December 31, 2024.
The Board has declared an interim dividend of 1.9 pence per share, to be paid on October 1, to shareholders of record on August 22.
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