StockMarketWire.com - Property management company Mountview Estates reported higher earnings and profits in the six months to 30 September 2019 despite lower turnover.

Group turnover fell slightly to £29.9m, down by 1% compared to £30.2m in the same period in 2018. However, profit before tax was £17.4m, an increase of 9.4% on 2018. Earnings per share reached 361.1p, up by 9.5%.

CEO Duncan Sinclair said: "The uncertainty surrounding Brexit continues and whilst the company is perhaps less vulnerable than most businesses to the economics of the rest of Europe, we all need the stability of an economy with a long term strategy.

"Happily the figures of our performance... all show increases and we continue to make good purchases. The company has low gearing and remains financially sound."

Mountview Estate's interim dividend has been maintained at 200p a share for the year ending 31 March 2020 and is payable on 30 March 2020.


At 9:47am: [LON:MTVW] Mountview Estates PLC share price was +50p at 11400p



Story provided by StockMarketWire.com