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Final Results
Final Results.
About this update from First Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 6798A First Property Group PLC 09 June 2016 \n\nDate: 9 June 2016 \nOn Behalf of: First Property Group plc (\"First Property\", \"the Company\" or \"the Group\")\nEmbargoed: 0700hrs \n \nFirst Property Group plc\nPreliminary Results for the twelve months to 31 March 2016\n \nFirst Property Group plc (AIM: FPO), the property fund manager and investor, today announces its preliminary results for the twelve months ended 31 March 2016.\n \n \nFinancial Summary:\n \n\n\n\n\n\n\n\nUnaudited \nyear to \n31 March \n2016\n\n\nAudited \nyear to \n31 March 2015\n\n\nPercentage change\n\n\n\n\n \nIncome Statement:\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£21.96m\n\n\n£18.52m\n\n\n+18.6%\n\n\n\n\nStatutory profit before tax \n\n\n£7.35m\n\n\n£8.08m\n\n\n-9.0%\n\n\n\n\nNon-recurring income\n\n\n£1.29m\n\n\n£3.99m\n\n\n\n\n\n\n\nDiluted earnings per share \n\n\n4.28p\n\n\n6.93p\n\n\n-38.2%\n\n\n\n\nTotal dividend per share\n\n\n1.50p\n\n\n1.35p\n\n\n+11.1%\n\n\n\n\nAverage €/ £ rate \n\n\n1.363\n\n\n1.285\n\n\n-6.1%\n\n\n\n\n \nBalance Sheet at year-end:\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet assets\n\n\n£34.09m\n\n\n£31.02m\n\n\n+9.9%\n\n\n\n\nNet assets per share\n\n\n27.75p\n\n\n26.30p\n\n\n+5.5%\n\n\n\n\nAdjusted net assets per share*\n\n\n43.01p\n\n\n35.75p\n\n\n+20.3%\n\n\n\n\nCash balances\n\n\n£8.98m\n\n\n£12.24m\n\n\n-26.6%\n\n\n\n\nPeriod-end €/ £ rate \n\n\n1.261\n\n\n1.382\n\n\n+8.8%\n\n\n\n\n \nGroup Direct Property Portfolio at year-end:\n(excludes the Group's non-controlling interests in six other FPAM managed funds)\n\n\n\n\nBook value\n\n\n£134.53m\n\n\n£126.90m\n\n\n+6.0%\n\n\n\n\nMarket value\n\n\n£156.92m\n\n\n£142.04m\n\n\n+10.5%\n\n\n\n\nGross debt (non-recourse to Group)\n\n\n£114.82m\n\n\n£107.78m\n\n\n+6.5%\n\n\n\n\nLTV%\n\n\n73.17%\n\n\n75.88%\n\n\n\n\n\n\n\n \nTotal Assets Under Management: &n...