Development Securities - Full Year Results Interviews with Management Team

  Development Securities - Full Year Results Interviews with Management Team

  PR Newswire

  LONDON, April 30, 2014

LONDON, April 30, 2014 /PRNewswire/ --

In a series of video interviews the Development Securities management team
discuss the performance of the property investment and development company at
the full year.

Announcing a significantly improved dividend resulting from a sharp increase
in pre-tax profits, Michael Marx, CEO, says:

"We're guiding for larger profit flows... so the final dividend this year has
been increased by some 33% and we plan to maintain that."

Marcus Shepherd, Finance Director, explores the balance sheet, gearing levels
and the financing of projects. Executive Directors, Matthew Weiner and Julian
Barwick discuss the portfolio of assets including the major development at 10
Hammersmith Grove which is now moving into its second stage.

Looking ahead, Mr Marx concludes:

"I remain totally confident. I think enhanced earnings for the next few
years... We look down our pipeline which is quite extensive now and we
recognise what we can see and we're not being outrageous with our forecasts,
we never have been. We've delivered to our forecasts and I'm very
optimistic."

The interview and transcript are available now on
http://video.merchantcantos.com/ .

MerchantCantos produces in-depth interviews, documentaries and webcasts with
senior company executives. If you would like to contact us, please email
prnsupport@merchantcantos.com or phone +44-207-936-1352.


 
Press spacebar to pause and continue. Press esc to stop.