Tip update: Hargreaves Services continues to offer income and asset growth

There were no problems with the full year figures of Hargreaves Services (LON: HSP) even though they were delayed. In fact, pre-tax profit was slightly higher than expected at £16.9m. The full year dividend is 36p/share. The value of the renewable energy projects in the land division is not reflected in the share price.

Pre-tax profit was lower because of the reduced contribution from the German HRMS business, although it did have a much better second half. This recovery should continue into...

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