Business
INTERIM RESULTS
INTERIM RESULTS.
About this update from Harworth Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 13th September 2022\n \n \n \n \n Harworth Group plc\n \n \n \n Half Year Results for the six months ended 30 June 2022\n \n \n \n Delivery on strategy and robust demand drive significant first half valuation growth\n \n \n \n \n \n \n Harworth Group plc (\"Harworth\" or the \"Group\"), a leading regenerator of land and property for sustainable development and investment, today announces its half year results for the six months ended 30 June 2022.\n \n \n \n \n \n \n \n \n \n \n Key Non-Statutory Measures(1)\n \n \n \n \n \n \n H1 2022\n \n \n \n \n \n H1 2021\n \n \n \n \n FY 2021\n \n \n \n \n \n Key Statutory Measures\n \n \n \n \n \n \n H1 2022\n \n \n \n \n \n H1 2021\n \n \n \n \n FY\n \n \n 2021\n \n \n \n \n \n \n Total Return (%)\n \n \n \n \n \n 14.1\n \n \n \n \n \n 15.4\n \n \n \n \n 24.6\n \n \n \n \n Operating profit (£m)\n \n \n \n \n \n 99.9\n \n \n \n \n \n 76.5\n \n \n \n \n 121.9\n \n \n \n \n \n \n EPRA NDV per share (p)(2)\n \n \n \n \n \n 224.7\n \n \n \n \n \n 183.2\n \n \n \n \n 197.6\n \n \n \n \n Net asset value (£m)\n \n \n \n \n \n 655.1\n \n \n \n \n \n 541.0\n \n \n \n \n 578.0\n \n \n \n \n \n \n Value gains (£m)\n \n \n \n \n \n 110.3\n \n \n \n \n \n 107.5\n \n \n \n \n 160.5\n \n \n \n \n Total dividend per share (p)(3)\n \n \n \n \n \n 0.404\n \n \n \n \n \n 0.367\n \n \n \n \n 1.2\n \n \n \n \n \n \n Net loan to portfolio value (%)\n \n \n \n \n \n 7.6\n \n \n \n \n \n 13.4\n \n \n \n \n 3.4\n \n \n \n \n Net debt (£m)\n \n \n \n \n \n 67.8\n \n \n \n \n \n 100.2\n \n \n \n \n 25.7\n \n \n \n \n \n \n \n \n \n \n Lynda Shillaw, Chief Executive of Harworth, commented:\n \n \"Harworth made significant operational and financial progress in the first half. We undertook a record level of direct development in our industrial & logistics portfolio, continued to accelerate our residential sales, and made several acquisitions to grow our development pipeline. It is our management actions that have materially contributed to the growth in EPRA NDV, supported by the strong market during the period for our residential and industrial & logistics products, demonstrating that we are continuing to deliver successfully against our growth strategy outlined a year ago.\n \n \n \n \n \n \"We are alive to the complex geopolitical and macroeconom...