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Half Year Report 2011

The UK's leading regeneration specialist

Profit before tax

£37.4m (2010: £26.7m)

Our increasing profits are driven by valuation gains generated through active asset management.

Trading profit**

£10.5m(2010: £8.3m)

Our core rental and other income covers the running costs of the company and provides a stable base from which the Group can maximise its development activities.

Net assets per share

226p (Nov 2010: 213p)

Net asset value has increased by 6% in the first half of the year.


Loan to value

34% (2010: 31%)

Our financing structure remains prudent.


 

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Welcome to St Modwen

St. Modwen is the UK's leading regeneration specialist. over the last 30 years we have built up an extensive land bank of over 5,700 developable acres and have transformed the UK landscape via thoughtfully planned sustainable communities, mixed-use and town centre schemes, district centres and business and employment developments.

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St Modwen Homes builds the first houses at Park View, Lickey Road, Longbridge

Half Year Review

This strong set of half year results is a clear demonstration of St. Modwen's ability to outperform the market through the application of its asset management skills as well as its ability to create value from its 5,700 acre landbank and pipeline of long-term development projects.

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