The Folkestone Education Trust
(ASX:FET) reported $106.8 million in statutory profit - an increase of 20.5% over the previous financial year result.
The Trust also says its distributable income is $34.5million, up by 16.2% compared to the last financial year.
Folkestone also confirmed a distribution of 13.4 cents per unit, representing a 4.7% increase over the previous corresponding period.
Finally, the Trust says it has a development pipeline of 18 childcare centres with a total value of $103.4 million.
