Attlee steps down as Empiric reveals strong annual figures

Student accommodation group Empiric has revealed a robust set of figures for last year with net asset value (NAV), profit and revenue all rising for the year.

NAV per share for the year to the end of December rose 4% from 2018 to 110.2p, while revenue was up 11% to £70.9m. Pre-tax profit leapt 36% to £54.8m, as did basic earnings per share to 9.08p.

Commenting on the coronavirus outbreak the group said bookings for the 2020/21 academic year are in line with this time last year, and emphasised that they have no short term liquidity issues, and are conservatively financed with plenty of headroom.

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