FTSE 250 property business Daejan more than halved its pre-tax profits for the year ended March 31st but kept investors on side with a total dividend of 76p per share, up 1p on last year's payout.
Pre-tax profit declined from £84.4m to £41.8m, gross rental income for the year came in at £92.96m (2011: £88.6m), total rental and related income from investment property was £107.1m (2011: £102.7m), while property operating expenses rose from £60.7m to £68.0m.
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