Chelsfield back into black
Wednesday 27 September 1995
The property group came under severe pressure during the recession, but has bounced back to report pre-tax profits for the six months to 30 June of pounds 4.3m. Chelsfield's shares fell 3p yesterday to 184p, compared to the float price two years ago of 155p. The half-time payout rose from 1.0p to 1.1p. Net assets per ordinary share rose from 161.6p to 179.1p.
Mr Bernerd said: "The interim results reflect a satisfactory operating performance in market conditions which remain subdued.
"The improvement in underlying performance is somewhat stronger than the headline figures would suggest and we are continuing to build the income base of the group."
Last time's results benefited from the reversal of a previous pounds 1.8m provision. This half-year was hit by a pounds 500,000 bill for administrative costs when Chelsfield bought the Chesham Place Estate in London's Belgravia for pounds 48.5m.
Mr Elliott said he is pushing to gain planning permission for a big expansion of the Merry Hill centre in Dudley, West Midlands. He is also helping to co-ordinate two investor groups to redevelop a 35-acre site in London's White City. Sums of pounds 500m have been mentioned in relation to Mr Elliott's plans to build the biggest single shopping centre in West London.
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 Christians: The world's most persecuted people
- 3 The secret report that helps Israelis to hide facts
- 4 Danish TV reporter is all business up top, all party down below
- 5 Denmark bans kosher and halal slaughter as minister says ‘animal rights come before religion’
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Israel-Gaza conflict: The children were playing in the street with toy guns. The missiles were tragically real
Danish TV reporter is all business up top, all party down below
Syria conflict: Syrian and Turkish Kurds unite to battle Isis threat - ‘We shoot them like sheep, but next day double the number return’
Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...