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Shopping centre owner Hammerson swung to half-yearly loss as losses on sale of its properties amid the pandemic weighed on performance.
For the six months ended 30 June, pre-tax losses were £20.5 million compared with a profit of £48 million year-on-year as revenue slipped to £11.7 million from £18.2 million.
The company reported a loss of £33.1 million on the sale of properties compared with a profit of £16.7 million last year.
The company declared a dividend of 0.2 pence per share.
'Whilst the results for the six months ended 30 June 2021 continue to be impacted by the ongoing pandemic, this has been less severe than the initial shock of Covid-19 in the comparative period and adjusted earnings, at £20.1 million, are 14% higher than in the first six months of 2021,' the company said.