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News

12.03.2018
Results for the year ended 31 December 2016
 Results for the year ended 31 December 2017

 The Board of Raven Russia releases the results for the year ended 31 December 2017.

 Highlights

• IFRS profit after tax $57.7 million (2016: profit of $7.7 million);

• Underlying earnings after tax of $56.8 million (2016: $47.1 million);

• Basic underlying earnings per share 8.56 cents (2016: 7.17 cents);

• IFRS basic earnings per share 8.69 cents (2016: 1.17 cents);

• Year end cash balance of $266.7 million (2016: $198.6 million);

• Diluted net asset value per share 80 cents (2016: 71 cents);

• Completed $209 million of acquisitions in the year; and

• A 50% increase in distributions to 3p (2016: 2p) by way of tender offer buy back of 1 in 17 shares at 52p.

CEO Glyn Hirsch said “We are delighted with the overall results for 2017. NOI is up 10% to $166.7 million, underlying earnings per share are up 19% to 8.56 cents and diluted net asset value per share is up 13% to 80 cents. The distribution of 4p for the year is a 60% increase over the 2.5p in 2016.”
Full version of the report >>


Results presentation
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