London And Associated Properties (GB:LAS) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
London & Associated Properties PLC (LAP) reports a significant improvement in half-year results with a pre-tax profit of £4.2 million, turning around from a loss of £2.5 million the previous year. Net assets per share increased marginally, while the company’s property portfolio maintains high occupancy levels and strong tenant demand. Despite challenges posed by interest rates and inflation, LAP, along with its associated mining operations in Bisichi PLC, anticipates better returns for shareholders in the future.
For further insights into GB:LAS stock, check out TipRanks’ Stock Analysis page.