Mountview Estates on Monday said earnings were up 25 per cent during the third quarter on the back of strong property trading activity.
The real estate group said it was well placed to take advantage of purchasing opportunities as it also reduced debt during the period.
"The third quarter of our financial year has shown the same solid progress as the first six months," the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Mountview began the trading update by addressing the death of Director Keith Langrish-Smith. He worked for the company for 38 years and was a director since 1982.
A full tribute will appear in the Chairman's statement accompanying the annual report and accounts when posted in July.
Shares rose 2.14% to 4,774.00p at 14:00 Monday.
Mountview owns and acquires tenanted residential property in the UK and sells property when it becomes vacant.
RD
-
Are you one of 15 million people at risk of retirement poverty?Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you
