News blog
Trust Property Management Group
- BY: Andrew Hore |
- POSTED: 07/07/2008 |
Trust Property Management is starting to benefit from the cross-selling of its services to clients.
The residential and commercial property manager made profits of £322,000 on revenues of £3.07m in the year to March 2008. The property management operations generated the majority of revenues. Professional services, mainly surveying and financial services, contributed revenues of £847,000 during the year and its profit contribution wasn’t far short of the property management operation.
TPM made three acquisitions during the financial year. There were more than 14,000 units under management at the end of March 2008.
Net debt was £1.19m at the end of March 2008.
The shares improved 1p to 9.5p, which took them above their all time low. TPM is valued at £3.58m.
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