INDUSTRY NEWS

Mapeley announces pre-tax loss

Mapeley has reported that it registered a hefty pre-tax loss from operations over the nine months to September 30th – despite the fact that its gains from funds from operations went up by 16.7 per cent over the same period.

The company specialises in providing commercial property management services to firms with large real estate holdings.

Profits from funds from operations went up by £42 million for the first nine months of the year – compared to £36 million for the same period a year earlier.

"We are pleased to report results in line with expectations despite more uncertain macro market conditions," chief executive Jamie Hopkins said in a statement.

"The embedded organic growth in our business continues to drive returns and our dividend remains underpinned by strong cash flows."

ADNFCR-1329-ID-18348559-ADNFCR

Leave a Reply

Your email address will not be published. Required fields are marked *