Full Year Results 

Redefine International boosts income potential

Redefine International boosts income potential

Redefine International (RDI) made solid progress towards strengthening its balance sheet and scaling up its business during the 12 months to August 2017. On the first count, it reduced its weighted average cost of debt to 3.1 per cent from 3.4 per cent in 2016, putting it below its medium-term target range. Disposals worth £148m in aggregate were made at a 12.2 per cent premium to book value, as part of management’s strategy to recycle mature assets and reinvest funds into growth opportunities.

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