Developer St Modwen has reported pre-tax profit of £65m for the six months to 31 May, an increase of 48%.
Net asset value per share has risen 12% to 361p since 30 November 2006.

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Developer St Modwen has reported pre-tax profit of £65m for the six months to 31 May, an increase of 48%.
Net asset value per share has risen 12% to 361p since 30 November 2006.
2008-07-14T12:28:00Z By Michael Glackin and Michael Glackin Michael Glackin
Regeneration group posts £20m pre-tax loss for first half of year
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Figure increased by £12m in last six months
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