18 January 2017 – trading update

The company expects that profit before tax and earnings per share for the year ended 31 December 2016 will be slightly ahead of market expectations.  December 2016 was a busy month for deal completions.  Certain land and property development deals completed in line with expectations and the month also saw a total of 44 residential completions at JV house builder Stonebridge Projects and The Chocolate Factory in York.  Construction work on the Aberdeen Exhibition and Conference Centre development is also ahead of schedule.  The company looks well placed to make further progress in 2017.  The full year results announcement is due out on 24 March.  The shares remain a BUY.