StockMarketWire.com - CLS reports robust earnings and NAV growth in the six months to the end of June.

EPRA net assets per share rose by 9.6% to 2,282 pence (31 December 2015: 2,083 pence) and net assets per share rose by 7.8% to 1,952 pence (31 December 2015: 1,810 pence).

EPRA earnings per share were up 92% at 80.5 pence (2015: 41.9 pence) but after-tax profits fell to £29.7 million (2015: £68.6 million) due to higher property valuation increases in the prior year (2015: £53.9 million vs. 2016: £2.4 million).

Executive chairman Henry Klotz said: "This has been a strong six months for the group, with robust earnings and NAV growth demonstrating the advantages of having a geographically diversified business, in-house management and low-cost debt finance.

"With 37% of the group's business conducted in Germany and France, and with 52% of our UK income derived from central government departments, we are well positioned to address any challenges, including those which the 'Brexit' process may present."






At 8:01am: [LON:CLI] CLS Holdings PLC share price was +54.5p at 1409.5p



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