The First Property Group Directors have decided to pay an interim dividend of 0.25 pence per share (30 September 2020: 0.45 pence per share). It will be paid on 7 January 2022 to shareholders on the register at 3 December 2021, with an ex-dividend date of 2 December 2021.
Other financial highlights include:
Profit before tax: £6.67 million (30 September 2020: £2.08 million);
Cash reserves: £12.24 million (31 March 2021: £16.24 million);
Substantially reduced net debt: £12.56 million (31 March 2021: £18.85 million);
AUM: £576 million (31 March 2021: £569 million), of which £533 million managed for third parties (31 March 2021: £527 million);
The market value less gross debt of Group Properties amounts to some £46.49 million, of which some 93% or £43.44 million is invested in Poland and Romania.
