Scottish Metropolitan Property is involved in negotiations for further significant acquisitions, according to the interim report.
The group is already committed to spending £20.3m on current transactions, of which it has paid £2.9m.
The fast-expanding group increased profits before tax from £3.31m to £3.72m in the six months to February 15 1987, pushing earnings per share from 2.27p to 2.53p. The interim dividend is edged up from 1.8p to 1.9p a share, and the directors expect that they will be able to recommend an increase in the final for the year.
