StockMarketWire.com - Assura said Thursday first-half profit before tax nearly halved blaming lower revaluations gains.

For the six months to 30 September, pre-tax profit fell 49.0% to £37.4m and earnings -- stated as EPRA net asset value per share – was flat at 1.3p.

The company reported a revaluation gain of £0.5m, well below the £4.2m a year earlier.

The company increased investment in property by 6% to £1.8bn and said 39 properties added to the portfolio in the six months at a combined cost of £108m.

The dividends paid in the period rose to 1.3p from 1.2p a year earlier.

'We have continued to deliver on our investment plan in the first half of the year, which has seen us grow our portfolio, refresh our pipeline of acquisition and development opportunities, strengthen our balance sheet and achieve an investment grade rating of A-. The performance of the business and our confidence in the outlook is reflected in our decision to raise the dividend by 5 per cent,' said Jonathan Murphy, CEO.


At 9:40am: [LON:AGR] Assura Group Ltd share price was -1.1p at 55.4p



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