Highcroft Investments PLC posted a GBP 4.4m profit for the first six months of the year, up GBP 1.6m from the previous year. The increase was thanks to GBP 2.4m valuation gain. Earnings per share price jumped from 32 pence to 85.7 pence due to an increase in rental income, which rose 18 percent to GBP 1.5m from GBP 1.3m the previous year.
Highcroft recently sold an office building in Bristol for a gain of GBP 742,000 as well as a vacant residential building at a GBP 4,000 loss. The company recently completed the acquisition of a retail warehouse leased to Buildspan Ltd in in Aldershot for GBP 3.3m.
