Workspace Group FY Profit Surges

Workspace Group PLC posted a 43 percent rise in its pretax profit for fiscal 2015. Workspace Group posted a pretax profit of GBP360.0 million for the year, versus a year-ago pretax profit of GBP252.5 million. Adjusted trading profit after interest jumped 30 percent to 26.6 million pounds, while adjusted underlying EPS rose 24 percent to 17.2 pence. Its revenue surged to GBP83.6 million from GBP73.6 million. Net rental income jumped 15 percent to 57.7 million pounds. During the year, EPRA net asset value per share increased 42 percent to GBP7.03. The company's board announced its plans to pay a final dividend of 8.15 pence per share. The company also reported that it has bought an office building in London.