NewRiver Retail Limited Appoints Matthew Jones as Company Secretary
May 18 15
NewRiver Retail Limited announced that Matthew Jones has been appointed as Company Secretary to the company with immediate effect, to replace Morgan Sharpe Administration Limited which stepped down as interim company Secretary following Mr. Jones's appointment.
NewRiver Retail Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2015
May 14 15
NewRiver Retail Limited reported consolidated earnings results for the year ended March 31, 2015. For the year, the company reported, the company reported net property income of £24,332,000, operating profit of £46,660,000 and profit after taxation of £39,528,000 or 36.2 pence per diluted share compared to net property income of £14,814,000, operating profit of £28,462,000 and profit after taxation of £23,048,000 or 33.2 pence per diluted share reported a year ago. Net cash generated from operating activities was £8,165,000 compared to net cash used in operating activities of £142,000 reported a year ago. Development and other capital expenditure was £9,351,000 compared to net £3,208,000 reported a year ago. Purchase of plant and equipment was £205,000 compared to £40,000 reported a year ago. EPRA profit was £18,522,000 or 17.6 pence per basic share compared to £7,276,000 or 12.0 pence per basic share reported a year ago. Net debt was £251.4 million compared to £92.9 million as at March 31, 2014. Property net income for the year including its share of Joint Ventures was a 33% increase compared to the prior year generated by the stable portfolio of assets on balance sheet and three new portfolios acquired as joint ventures with the BRAVO Joint Venture during the year. On a like-for-like basis, net rental income was stable with no increase on the prior year. EPRA NAV per share was 265 pence compared to 240 pence as at March 31, 2014. Funds from operations were £18.8 million or 17.8 pence per basic share compared to £7.1 million or 11.7 pence per basic share reported a year ago. NAV per diluted share was 265 pence compared to 240 pence as at March 31, 2014. EPRA adjusted profit of £20.9 million, profit before tax of £39.5 million and EPRA adjusted EPS of £19.8 on gross rental income and fees of £46,681,000 compared to EPRA adjusted profit of £9.5 million, profit before tax of £23.1 million and EPRA adjusted EPS of £15.7 on gross rental income and fees of £25,153,000 reported a year ago.
NewRiver Retail Limited to Pay Dividends for 2015 on May 18, 2015
May 14 15
NewRiver Retail Limited announced that on 18 May 2015, the company will pay dividends of £5.0 million to its shareholders. The total dividend of 4.25 pence per share was paid entirely as a PID. The total dividend for the year was 17 pence which was 116% fully covered compared to 16 pence per share paid in 2014.