StockMarketWire.com - Healthcare property investor MedicX Fund posted a 47% rise in annual profit, driven by higher rental income and positive property revaluations.
Pre-tax profit for the year through September rose to £49.1m, as rent receivable rose 8.6% and property valuations rose 19%.
The company reiterated that it intended to declare a fully-covered dividend for the 2019 financial year onwards.
It added that it was targeting dividends of 3.8p per share for the financial year ended 30 September 2019.
At 9:52am: [LON:MXF] MedicX Fund Ltd share price was +0.6p at 76.2p
Story provided by StockMarketWire.com
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