Wynnstay Properties pre-tax profits up

Wynnstay Properties also benefited from rent increases from re-let properties and uplifts on contractual rent reviews.

As a result operating income at £702,000 (2015 - £555,000), and pre-tax profit of £525,000 (2015 - £405,000) are both substantially higher compared to the corresponding period last year.

It also benefited from lower property costs, which in the previous year had included the cost of holding and refurbishing certain vacant properties and from administrative costs being held at the same level as last year.

At 3:30pm: (LON:WSP) Wynnstay Properties PLC share price was 0p at 470p