Business
Financial year-end trading statement
Financial year-end trading statement.
About this update from First Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 7026X First Property Group PLC 01 May 2019 \n\n\n\n\n\nDate:\n\n\n1 May 2019\n\n\n\n\nOn behalf of:\n\n\nFirst Property Group plc (\"First Property\", \"the Company\" or the \"Group\")\n\n\n\n\n:\n\n\n \n\n\n\n\n \nFirst Property Group plc \nFinancial year-end trading statement\n \nFirst Property Group plc (AIM: FPO), the award winning property fund manager and investor with operations in the UK and Central Europe, is pleased to report that its profit before tax for the year to 31 March is likely to significantly exceed market expectations of £6.8 million.\n \nFunds under management at the year-end amounted to £705 million (2018: £626 million), an increase of 12.6% from the prior year. Of this some £611 million was held for clients (2018: £454 million), an increase of 34.6% from the prior year.\n \nBen Habib, Group Chief Executive, First Property said:\n \n\"The Group is trading well across the board. The markets in which we operate are generally buoyant and offering interesting investment opportunities on which we hope to capitalise.\" \n \n-Ends- \n \nFor further information please contact:\n \n\n\n\n\nFirst Property Group plc \n\n\nTel: +44 (20) 7340 0270\n\n\n\n\nBen Habib (Chief Executive Officer)\nGeorge Digby (Group Finance Director)\nJeremy Barkes (Director, Business Development)\n\n\nwww.fprop.com\[email protected]\n\n\n\n\n \n\n\n \n\n\n\n\nArden Partners (NOMAD & Broker)\n\n\nTel: + 44 (20) 7614 5900\n\n\n\n\nJohn Llewellyn-Lloyd\nBen Cryer \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNewgate Communications (PR)\n\n\nTel: +44 (20) 3757 6880\n\n\n\n\nRobin Tozer / Tom Carnegie\n\n\[email protected]\n\n\n\n\n \nNotes to Investors and Editors: \n \nFirst Property Group plc is an award-winning property fund manager and investor with operations in the United Kingdom and Central Europe. It has grown its adjusted net assets, together with dividends paid, by some 28% on an annualised basis since 2006.\n \nIts focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:\n \n· Fund management - ...