Wynnstay Properties pre-tax profits doubles

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Wynnstay Properties has seen its pre-tax profit almost double for the six months to September 29, when compared with the same period in 2018.

In its half year report, the company announced its pre-tax profit had reached £1,072,000, up from £588,000 in 2018, as a result of two successful disposals from the portfolio which delivered profits on sale of £440,000.

Property income for the half-year rose by over 11% compared to the same period last year to £1,188,000 with a similar percentage increase in operating income at £843,000.