StockMarketWire.com - Property investor Daejan Holdings posted a fall in annual profit, owing to lower asset valuation gains, though higher rental income helped support an increase in its dividend.

Pre-tax profit for the year through March fell to £137.8m, down from £201.2m on-year.

Rental and related income from investment property rose 9.3%, principally been driven in the UK by the completion of a Travelodge hotel and other developments.

Daejan declared a final dividend of 71p per share, bringing the total dividend for the year to 106p, up from 103p on-year.




At 8:07am: [LON:DJAN] Daejan Holdings PLC share price was +240p at 5940p



Story provided by StockMarketWire.com