Unite boosts interim profits

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UNITE Group, the leading developer and manager of student accommodation, has increased its pre-tax profits from £12.1 million to £16.3 million for the six months to the end of June.

Unite owns seven properties in Sheffield, with a total of 3,730 beds, making the city its biggest market after London.

The firm has re-instated its dividend with an interim payment of 0.5p a share.