Real Estate Investors Plc Contracted Rental Income Increases To £17.0 Million In H1 FY19

  • Sep 16, 2019 BST
  • Team Kalkine

Real Estate Investors Plc (AIM: RLE), for the six months ended 30 June 2019, has reported a 7.6 per cent rise in contracted rental income (net of sales) to £17.0 million p.a. as compared to £15.8 million p.a. in H1 FY18. The underlying profit before tax grew by 17.9 per cent to £4.0 million from £3.4 million in H1 2018. The revenues of the company were up by 8.4 per cent to £8.1 million from £7.4 million in H1 2018.

On 16th September 2019, at the time of writing, GMT 08:10 AM, RLE shares were trading at GBX 51.50, up by 0.50 points or 0.98% against the previous day closing price.

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