First Property Group PLC - London-based property fund manager and investor - Posts revenue of £7.2 million for year ended on March 31, down 25% from £9.6 million the year before. Pretax profit is down by 65% to £2.5 million from £7.1 million, as operating profit decreases to £2.0 million from £6.1 million the year before. Basic earnings per share drops to 1.73 pence from 6.14p a year earlier. Declares total dividend of 0.50p per share, unchanged from a year prior.

Chief Executive Officer Ben Habib says: ‘These are a creditable set of results in extremely challenging times. The end of lockdowns should have ushered in a more normal trading environment. Instead, we are experiencing the severe impact of broken supply chains and labour markets. Together with the war in Ukraine, the result has been rocketing inflation and a concomitant increase in interest rates.’

Current stock price: 25.10 pence each, down 3.5% at

12-month change: down 16%

Copyright 2023 Alliance News Ltd. All Rights Reserved.