Develop North (LON:DVNO) Issues Quarterly Earnings Results

Develop North (LON:DVNO) issued its quarterly earnings data on Thursday. The company reported GBX (0.70) EPS for the quarter, Digital Look Earnings reports. Develop North had a return on equity of 2.11% and a net margin of 18.05%.

Develop North Price Performance

Shares of DVNO remained flat at GBX 75.25 on Thursday. The company had a trading volume of 114 shares, compared to its average volume of 21,558. The business has a fifty day moving average of GBX 74 and a two-hundred day moving average of GBX 75.49. The stock has a market capitalization of £19.58 million, a price-to-earnings ratio of 45.33 and a beta of 0.10. The company has a quick ratio of 6.87, a current ratio of 0.10 and a debt-to-equity ratio of 35.03. Develop North has a 1-year low of GBX 63 and a 1-year high of GBX 84.

Develop North Company Profile

Develop North PLC is an actively managed, closed-end real estate investment company listed on the Main Market of the London Stock Exchange. We provide investors with access to real estate investment opportunities in the North East of England, through a diversified strategy spanning real estate lending, commercial real estate and residential real estate.

The Company’s investment adviser is Newcastle upon Tyne based Tier One Capital Ltd, a wealth and fund management firm with deep local market access and a track record of bespoke lending to the North East property market.