Land Securities H1 EPRA Pretax Profit Rises
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Land Securities Group reported a decline in first half pretax profit to £98 million from £243 million last year. Earnings per share fell to 13.0 pence from 32.7 pence. However, EPRA pretax profit rose to £192 million from £186 million, and EPRA EPS increased to 25.8 pence from 25.0 pence. Revenue grew to £431 million from £383 million, with net rental income rising to £284 million from £269 million. The Group expects EPRA EPS growth to be at the top end of initial guidance.
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