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Wynnstay reports proft despite fall in property rental income

By BFN News | 01:55 PM | Friday 18 June, 2021

Property investment and development company Wynnstay Properties has reported a profit before movement in fair value of investment properties, property sales and taxation of £1,179,000 for the year ended 25 March 2021 ? a 2.1% increase on 2020?s result. This comes despite a 5.8% drop in property income for the year, offset by the £1,105,000 profit before costs and taxes made in the sale of two vacant units at Oakcroft Business Centre, Chessington. At the year-end, the business? portfolio was 99% let. The board has recommended a final dividend of 13.0p per share Story provided by

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