StockMarketWire.com - Residential developer and urban regeneration specialist Sigma Capital Group said it expected to post a full-year profit slightly ahead of current market forecasts after a 'very strong' final quarter.

Pre-tax profit for the year through December was expected to roughly triple to around £12.4m, on revenue of around £12.5m, the company said.

'These encouraging results partly reflect the strong macro-economic drivers underpinning the continuing successful growth of the PRS REIT, the launch of which in May 2017 marked a significant milestone in the development of Sigma's business model,' it added.

Sigma subsidiary Sigma PRS Management is the investment adviser to the PRS REIT and the PRS REIT retains 'first access' rights to Sigma's PRS platform.

'Rental demand for family homes remains strong, helping to underpin yield targets, and management remains positive about growth prospects in 2019 and beyond,' Sigma Capital said.

'It is also investing to support the company's ongoing growth over the coming year.'

Sigma Capital said it expected to announce its annual results towards the end of April and intended to propose a final dividend for the year, marking the start of a progressive dividend policy.




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