First Property Group Reports Major Profit Turnaround

First Property (GB:FPO) has released an update.

First Property Group has made a significant recovery, posting a profit before tax of £1.16 million for the six months to September 2024, compared to a loss of £0.65 million the previous year. The company successfully raised £2.96 million through an open offer and secured a new lease in Warsaw, expected to boost profits further. Despite challenges in the UK and Polish property markets, First Property’s strategic asset management and investment approach continue to yield positive results.

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