Wynnstay Properties plc reported unaudited earnings results for the half year ended September 29, 2012. For the half year, the company reported property income of £838,000 against £763,000 a year ago. Operating income was £701,000 against £751,000 a year ago. Income before taxation was £641,000 against £690,000 is slightly lower than at the same time last year, mainly as a result of the profit on the sale of investment properties being different in the two years. Income after taxation was £487,000 or 18.0 pence per basic and diluted share against £516,000 or 19.0 pence per basic and diluted share a year ago. Net cash from operating activities was £704,000 against £25,000 a year ago. Operating income before movement in fair value of investment properties was £601,000 against £484,000 a year ago. Net asset value per share as on September 29, 2012 was 466 pence against £473 pence a year ago. The Directors have decided to increase the interim dividend by 10% to 3.2 pence per share compared to the 2.9 pence per share paid in 2011. The interim dividend will be paid on December 14, 2012 to those Shareholders on the register on November 16, 2012.

Wynnstay Properties plc reported preliminary earnings results for the year ended March 25, 2012. For the period, the company reported property income of £1,503,000 compared to £1,691,000 a year ago. Principally as a result of the loss of rental income from vacant properties and from properties formerly in the portfolio that had been sold in the previous year. Operating income was £412,000 compared to £902,000 a year ago. Income before taxation was £292,000 compared to £661,000 a year ago. Income after taxation was £117,000 or 4.3 pence per basic and diluted share compared to £449,000 or 16.6 pence per basic and diluted share a year ago. Net cash from operating activities was £325,000 compared to £547,000 a year ago. Net debt was £6,221,000 against £6,574,000 for the same period a year ago. The directors are recommending a total dividend for the year at the same level as last year, namely 10.5 pence per share. An interim dividend of 2.9 pence per share was paid in December 2011 and, subject to approval of shareholders at the annual general meeting, a final dividend of 7.6 pence per share will be paid on July 23, 2012 to Shareholders on the register on June 29, 2012.

Wynnstay Properties plc reported unaudited earnings results for the half year ended September 29, 2011. For the half year, the company reported property income of £763,000 against £903,000 a year ago. Operating income was £751,000 against £636,000 a year ago. Income before taxation was £690,000 against £479,000 a year ago. Income after taxation was £516,000 or 19 pence per basic and diluted share against £368,000 or 13.6 pence per basic and diluted share a year ago. Net cash from operating activities was £25,000 against £76,000 a year ago. Operating income before movement in fair value of investment properties was £484,000 against £676,000 a year ago. Net asset value per share as on September 29, 2011 was 473 pence. Pre-tax profit was substantially higher than at the same time last year, mainly due to the profit of £267,000 arising on the sale of Crawley property, which completed in early June 2011, and far lower finance costs of £64,000 against £158,000 a year ago. The directors have decided to hold the interim dividend at the same level as last year, which is 2.9 pence per share.  This will be paid on December 16, 2011 to those shareholders on the register on November 18, 2011.