Develop North (LON:DVNO) Announces Earnings Results

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

Develop North Price Performance

Shares of Develop North stock opened at GBX 75 on Friday. The stock has a market capitalization of £19.52 million, a price-to-earnings ratio of 45.18 and a beta of 0.10. Develop North has a twelve month low of GBX 63 and a twelve month high of GBX 84. The company has a current ratio of 0.10, a quick ratio of 6.87 and a debt-to-equity ratio of 35.03. The business’s 50 day simple moving average is GBX 74.04 and its 200-day simple moving average is GBX 75.55.

About Develop North

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.