Not so Smart news for building group
BUILDING and construction group J Smart yesterday unveiled the first loss in its history due to writedowns on the value of property.
Losses in the year to 31 July were 1.2 million compared to a profit last year of 5.9m. Stripping out writedowns, the Edinburgh-based group made an operating profit of 4.5m compared to 8.5m the year before. Figures were hit by "negligible" house sales. The firm is still paying a dividend of 13.85p.
Founded in 1965, J Smart listed on the main market in 1973. Shares in the company were up 9.3 per cent to 427.5p.
Email to a friend
Print this page- Rangers run into the ground as furious HRMC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Rangers blame HMRC for driving club to brink of administration
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Wednesday’s football news and gossip
- The Rumour Mill: Tuesday’s football news and gossip
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Thursday 16 February 2012
Today
Cloudy
Temperature: 5 C to 10 C
Wind Speed: 21 mph
Wind direction: South west
Tomorrow
Light rain
Temperature: 5 C to 10 C
Wind Speed: 20 mph
Wind direction: South west
