TCS confident of returning to growth despite Covid-19 impact on half-year numbers

Town Centre Securities, CitiPark

Net asset value (NAV) at Town Centre Securities (TCS) fell 2.3% in the first six month of its financial year as the group deepened losses off the back of a sharp fall in revenue due to the Covid-19 pandemic.

NAV fell to £152m during the six months to the end of December, compared to £155.5m a year earlier, while the group turned in a pre-tax loss of £3.5m, from a loss of £200,000.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue