LONDON, November 8, 2012 /PRNewswire/ --
Land Securities said its half-yearly results represented a
"resilient performance in a tough market", even though valuation,
profit before tax, revenue profit and earnings per share were all
lower.
In an interview with http://www.cantos.com, Rob Noel, Chief Executive, said:
"The results represent the actions we've taken to strengthen the
business. We said in May that we had let sales run ahead of
acquisitions and we also said we will continue to develop.
Now our clear plan is driving high levels of activity across the
business as we progress developments and secure lettings. Our asset
management team are working flat out to keep the portfolio full,
and so there is a buzz of activity around the place. Our
balance sheet is in good shape with the appropriate level of
gearing. This is not downbeat."
Martin Greenslade, Chief
Financial Officer, underlined the company's strong financial
position and relatively modest gearing, but he stressed: "We
won't just raise debt because it's cheap; we have to have something
to invest in."
The interview and transcript are available now on
http://www.cantos.com/company/Land%20Securities
MerchantCantos produces in-depth interviews, documentaries and
webcasts with senior company executives. If you would like to
contact us, please email prnsupport@merchantcantos.com or phone
+44-207-936-1352.
SOURCE Land Securities Plc
