PFI's underlying profit down 7.7%; guidance reinstated

Fri, 04 Sep 2020

Property for Industry's first-half net profit fell 66.3 percent, largely reflecting a slight fall in the value of its properties compared to a large increase a year earlier. The firm's underlying result was also down 7.7 percent because of rising lease incentives. But the company reinstated its pre-covid guidance for dividends to be between 7.65 cents and 7.7 cents this year. The company had withdrawn that guidance in mid-April because of the crisis. PFI paid 7.6 cents in dividends for calendar 2019. The company has also reinstated its...

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