News and Announcements
Folkestone Half Year Results- Strong Growth in Platform Continues
- Published February 19, 2015 9:29AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Folkestone (ASX:FLK) today announced its results for the half year ended 31 December 2014.
KEY HIGHLIGHTS
- Net profit after tax of $2.0 million, up 23.0 per cent on pcp
- Funds under management -$870 million
- Secured a strategic holding in Folkestone Education Trust
- Folkestone Social Infrastructure Trust unitholders approved a merger with Folkestone Education Trust
- Launched one unlisted real estate development fund
- Completed development of Stage 1 of Millers Junction and entered into JV for Stage 2
- Expanded its residential land exposure in Melbourne
- Entered into JV to option a key development site in north-west Sydney
- Successfully raised $42 million from a Placement and Entitlement Offer
Please click on the links below to read Folkestone’s:
- ASX Announcement, click here.
- Half Year FY15 Investor Review, click here.
- Results Presentation, click here.
- Financial Results, click here.
Kind regards
GREG PARAMOR
Managing Director
About Folkestone
Folkestone (ASX:FLK) is an ASX listed real estate funds manager and developer providing real estate wealth solutions. Folkestone’s funds management platform, with $870 million under management, offers listed and unlisted real estate funds to private clients and select institutional investors, while its on balance sheet activities focus on value-add and opportunistic (development) real estate investments www.folkestone.com.au
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