British Land Reports Profit of $1.36 billion

British Land Company PLC

released its results for the year ended March 31 on Monday. British Land reported its net profit at 840 million pounds ($1.36 billion), versus 1.14 billion pounds, in the year-earlier period. Its gross rental income dropped to 298 million pounds from 394 million pounds, while net rental income dropped to 255 million pounds from 337 million pounds. British Land shares fell 2.05% to close at $9.55 on Monday. Read more