Asda Property

Tuesday 25 August 1998 23:02 BST

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SHARES IN Asda Property fell 1p to 143.5p despite the company reporting pre-tax profits up 38 per cent to pounds 6.7m for the half to 30 June.

The chairman, Manny Davidson, said the group "has substantial cash resources", adding that it remained "confident of a good performance for the full year and in the longer term".

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