London & Stamford Property falls into the red

Property firm London and Stamford Property reported a first half loss compared to a profit a year earlier and said it remains cautious about future trading.

Property firm London and Stamford Property reported a first half loss compared to a profit a year earlier and said it remains cautious about future trading.

Net asset value per share fell to 118.3p for the six months ended 30 September 2011 from 120.7p a year ago. The company posted a loss before tax of £3.42m compared to the previous year's £23.20m profit.

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