Hammerson full year profits up on strong UK demand

15th Feb 2016 07:25

(ShareCast News) - Retail property heavyweight Hammerson said full year pre-tax profits rose to £731.6m from £703.1m as UK consumer confidence improved.Net rental income was up to £318.6m from £305.6m while the company's net property portfolio valuation grew to £8.4bn from £7.7bn.Gross rental income was up to £236m from £206m in a year where Hammerson made several large acquisitions.Full year adjusted profits rose 21% to £210.9m and earnings per share were up to 26.9p from 23.9p.Chief executive David Atkins said that while the company recognised global political end economic uncertainties, he was confident Hammerson could deliver "sustainable, attractive returns.".