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8 months ago
BRIEF-Grainger says Brexit uncertainty has not impacted its sales pipeline
December 1, 2016 / 7:16 AM / 8 months ago

BRIEF-Grainger says Brexit uncertainty has not impacted its sales pipeline

1 Min Read

Dec 1 (Reuters) - Grainger Plc :

* Full year results for year ended Sept. 30, 2016

* Refocused and simplified business delivers strong earnings growth and a 64 pct increase in dividend

* Net rental income up 15 pct to £37.4m (FY15: £32.4m)

* Profit before tax up 64 pct to £84.2m (FY15: £51.4m)

* EPRA NNNAV growth of 9 pct to 287p (FY15: 263p)

* Total return (return on shareholder equity) of 10.6 pct (FY15: 10.0 pct)

* We look forward to an exciting and profitable future ahead

* Brexit vote was seen to have a negative impact on housing market but was not evidenced in our sales pipeline

* PRS sector is widely regarded as one of most resilient real estate classes post EU referendum Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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