LONDON (Thomson Financial) - Property Recycling Group PLC reported a
slightly lower full-year pretax profit, and said that though it expects economic
conditions to be "difficult" in 2008, it considers it to be "well placed" to
address such market conditions and take advantage of acquisition opportunities
they generate.
Property Recycling, which acquires and prepares brownfield sites for
development, posted a pretax profit of 0.23 mln stg for the year to Dec 31,
compared with 0.24 mln in 2006, on revenues of 0.97 mln stg, down from 1.16 mln.
The company declared a final dividend of 0.7 pence per share, taking the
total dividend for the year to 1.2 pence, on par with the previous year.
TFN.newsdesk@thomson.com
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