StockMarketWire.com - NewRiver REIT boosted its interim dividend by 5% after positive movements in the value of its investments boosted earnings.

The company declared an interim dividend of 10.5p.

Net profit jumped to £29.3m from £6.5m, even as retail like-for-like net income edged back by 0.4%.

"Despite a more challenging environment, we continue to be encouraged by the long-term trends we are seeing across our convenience and community-focused retail and leisure portfolio," chairman Paul Roy said.

"Convenience is a key driver for our customers and their frequent spend on non-discretionary items makes us resilient to the growth of online, as well as fluctuations in the consumer economy over the long-term."




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