Drum Income Plus REIT Plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2017
Drum Income Plus REIT plc announced unaudited consolidated earnings results for the six months ended March 31, 2017. For the period, the company reported rental income of £2,083,000 compared to £1,158,000 a year ago. Profit before taxation was £2,042,000 compared to loss before taxation of £789,000 a year ago. Profit for the year was £2,042,000 or 5.53 pence per basic and diluted share compared to loss of £789,000 or 2.47 pence per basic and diluted share a year ago. Net cash inflow from operating activities was £1,927,000 compared to £1,529,000 a year ago. The Group's net asset value per ordinary share as at March 31, 2017 was 96.53 pence compared to 92.88 pence a year ago.