Business
Interim Results for six months ended 29 Sept 2022
Interim Results for six months ended 29 Sept 2022.
About this update from Wynnstay Properties Plc
[{"type":"text","content":"\n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n \n \n \n WYNNSTAY PROPERTIES PLC\n \n \n \n \n (\"Wynnstay\" or the \"Company\")\n \n \n \n \n INTERIM RESULTS FOR THE SIX MONTHS ENDED 29 SEPTEMBER 2022\n \n \n \n \n 9\n \n \n November 2022\n \n \n \n \n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n \n \n Against the background of serious international and domestic events, economic uncertainties and turmoil in financial markets, I am pleased to report that Wynnstay has continued to perform well for shareholders over the six-month period ending 29 September 2022.\n \n \n \n Interim Financial Results\n \n \n \n The unaudited results are summarised in the table below and should be read in conjunction with the following commentary and financial statements:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 29 September\n \n \n \n \n 2022\n \n \n \n \n \n 29 September\n \n \n 2021\n \n \n \n \n \n \n Rental Income\n \n \n \n \n \n -0.2%\n \n \n \n \n \n \n £1,082,000\n \n \n \n \n \n £1,084,000\n \n \n \n \n \n \n Property Income\n \n \n \n \n \n -4.3%\n \n \n \n \n \n \n £1,082,000\n \n \n \n \n \n £1,131,000\n \n \n \n \n \n \n Operating Income\n \n \n \n \n \n -4.6%\n \n \n \n \n \n \n £800,000\n \n \n \n \n \n £839,000\n \n \n \n \n \n \n Income before Taxation\n \n \n \n \n \n -9.7%\n \n \n \n \n \n \n £587,000\n \n \n \n \n \n £650,000\n \n \n \n \n \n \n Earnings per share\n \n \n \n \n \n -11.3%\n \n \n \n \n \n \n 17.2p\n \n \n \n \n \n 19.4p\n \n \n \n \n \n \n Net Asset Value per share\n \n \n \n \n \n +19.1%\n \n \n \n \n \n \n 1,093p\n \n \n \n \n \n 918p\n \n \n \n \n \n \n Interim Dividend per share\n \n \n \n \n \n +5.9%\n \n \n \n \n \n \n 9.0p\n \n \n \n \n \n 8.5p\n \n \n \n \n \n \n While rental income for the half-year was broadly static, decreasing by just 0.2% compared to the same period last year, at £1,082,000 (2021: £1,084,000), that total reflects significant changes within the portfolio. These include the loss of income following the sale towards the e...