StockMarketWire.com - Highcroft Investments reported profit before tax fell 28% following a year of 'prolonged political and economic uncertainty' amid protracted Brexit negotiations. The company also warned 2019 would be another challenging year.

In 2018, pre-tax profit fell 28% to £4.81m even as net rental income grew 7.8% top £4.86m.

The company proposed a final dividend of 33.75 pence per share, giving a total dividend of 52.50 pence per share, an increase of 13.5%.

'We expect 2019 to be another challenging year. We operate in a very competitive landscape with continuing political and economic uncertainty, particularly around Brexit and its potential effects on market sentiment and tenants' ability to continue to pay our rents,' the company said. 'We therefore remain cautious and diligent in our approach to ensuring we select the right properties to deliver long-term shareholder value.'




At 10:03am: [LON:HCFT] Highcroft Inv. share price was +2.5p at 920p



Story provided by StockMarketWire.com