St. Modwen Properties PLC provided earnings guidance for the full year ended November 30, 2015. For the year, the company expects profit before all tax is likely to be in line with market expectations.

The group's net debt position at November 30, 2015 is expected to be slightly higher than current market expectations reflecting the timing of recent investment activities, including the acquisition of Kirkby Town Centre for £35.8 million and the retention of major completed developments during the year, including the Bay Campus student accommodation and the second phase of Longbridge Town Centre (incorporating M&S and additional retail) which are now both income producing. The success of all these activities throughout 2015 has culminated in anticipation of record profits for the business for the financial year, whilst positioning well for the future.