LONDON, April 30, 2014 /PRNewswire/ --
In a series of video interviews the Development Securities management team discuss the performance of the property investment and development company at the full year.
Announcing a significantly improved dividend resulting from a sharp increase in pre-tax profits, Michael Marx, CEO, says:
"We're guiding for larger profit flows... so the final dividend this year has been increased by some 33% and we plan to maintain that."
Marcus Shepherd, Finance Director, explores the balance sheet, gearing levels and the financing of projects. Executive Directors, Matthew Weiner and Julian Barwick discuss the portfolio of assets including the major development at 10 Hammersmith Grove which is now moving into its second stage.
Looking ahead, Mr Marx concludes:
"I remain totally confident. I think enhanced earnings for the next few years... We look down our pipeline which is quite extensive now and we recognise what we can see and we're not being outrageous with our forecasts, we never have been. We've delivered to our forecasts and I'm very optimistic."
The interview and transcript are available now on http://video.merchantcantos.com/.
MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.
SOURCE Development Securities