Six months ended
31 March
2020
Unaudited
£’000
Six months ended
31 March
2019
Unaudited
£’000
Year ended
30 September
2019
Audited
£’000
Year ended
30 September
2018
Audited
£’000
Revenue 33,044 30,894 102,114 150,398
Direct costs (23,707) (23,587) (80,890) (123,127)
Gross profit 9,337 7,307 21,224 27,271
Administrative expenses (7,607) (8,779) (19,875) (18,812)
(Deficit)/surplus on revaluation of investment properties (4,845) 1,046 5,791 10,582
Surplus on revaluation of receivables 98 528 850 1,090
Share of post-tax profit from joint ventures 2,488 5,240 8,039 2,059
Impairment of loans to joint ventures (718)
Profit on disposal of investments 94
Profit on disposal of investment properties 6 1,244
Operating (loss)/profit (1,241) 5,342 16,029 23,528
Finance income 2,350 531 1,777 866
Finance costs (927) (774) (1,470) (2,127)
Profit before taxation 182 5,099 16,336 22,267
Taxation expense (1,129) (1,250) (3,707) (3,572)
Total comprehensive (loss)/income (947) 3,849 12,629 18,695
Basic (loss)/earnings per share (0.7)p 2.7p 8.8p 13.0p
Diluted (loss)/earnings per share (0.7)p 2.6p 8.6p 12.9p

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