Develop North (LON:DVNO) Posts Earnings Results

Develop North (LON:DVNO) announced its quarterly 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 Stock Performance

Shares of DVNO stock opened at GBX 75 on Friday. Develop North has a 1 year low of GBX 63 and a 1 year high of GBX 84. The company has a debt-to-equity ratio of 35.03, a current ratio of 0.10 and a quick ratio of 6.87. The stock’s 50 day simple moving average is GBX 74.01 and its two-hundred day simple moving average is GBX 75.54. The company has a market cap of £19.52 million, a PE ratio of 45.18 and a beta of 0.10.

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.