GCP Student Living profit slumps in H1, cuts dividend | 5 March 2021
5 March 2021 | 07:52am StockMarketWire.com - Student real estate fund GCP Student Living cut its dividend as profit fell sharply in the first half of the year, owing to operational challenges amid the pandemic. For the six months ended 31 December 2020, pre-tax profit fell to £1.2 million from £9.8 million year-on-year as total rental income fell to £16.7 million from £24.6 million. Shareholder return grew 16.9% year-on-year, driven by a recovery in the share price since the year end. The dividend was cut to 0.50 pence per share from 3.1 pence per share. 'The remainder of the ...
Source: stockmarketwire.com