Spectacular Success
Thursday, July 19, 2007
The strategy of turning Your Space Plc from an investment company to a trading company has proved a spectacular success, with the company increasing its full-year pretax profit.
The innovative property development business, which specialises in converting Grade One and Two listed buildings located in city centres throughout the UK, expects a substantial increase in the pace of growth of its development sites and serviced office centres in the next 2 to 3 years.
The highlights for the year to 31 March 2007 are:
- Earnings per share increase from 5.8p to 16.5p per share
- Total dividends paid in the year of 20p a share. The company plans to pay a 12.5p interim dividend in respect of its results for 2007/08
- Return on capital employed (ROCE) increased from 19 per cent to 56 per cent
- Total cash received including disposals and service revenue over £20m
- 80,000 sq/ft of office space developed and sold
Please find full preliminary Announcement here
