TCS share price rises on results

Shares

Town Centre Securities’ share price rose 2.728% on Wednesday 264p after it posted a 6.8% rise in net asset value (NAV) and a hike in profit for the year to 30 June.

NAV per share stoop at 384p, compared to 359p at the end of the previous financial year, while statutory pre-tax profit more than doubled to £18.4m, reflecting portfolio valuation gains and disposals.

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