Hammerson Pretax Profit Down 92%

Hammerson PLC HMSNF posted a 92% decline in its pretax profit for the half year ended June 30. Hammerson's pretax profit dropped to GBP13.9 million, from GBP174.8 million, in the year-ago period. Its net rental income fell to GBP141.6 million from GBP143.9 million. Hammerson's operating profit dropped to GBP69.3 million from GBP224.4 million. Its basic and diluted earnings per share came in at 6.6 pence from 26.6 pence. It declared an interim dividend of 7.7 pence per share versus 7.3 pence per share.