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BRIEF-Argan H1 recurring net income rises to 24.6‍​ million euros
July 20, 2017 / 4:39 PM / 2 months ago

BRIEF-Argan H1 recurring net income rises to 24.6‍​ million euros

July 20 (Reuters) - ARGAN SA:

* H1 RECURRING OPERATING INCOME EUR ‍​33.5 MILLION VERSUS EUR 30.0 MILLION YEAR AGO

* H1 RECURRING NET INCOME EUR 24.6‍​ MILLION VERSUS EUR 18.8 MILLION YEAR AGO

* H1 OCCUPANCY RATE STABLE AT 99 PERCENT

* EXPECTS TO MAINTAIN LTV DEBT RATIO AROUND 60 PERCENT

* ACHIEVES ONE OF ITS END-2018 TARGETS 18 MONTHS AHEAD BY LOWERING ITS LTV DEBT RATIO TO 60.6% AS AT JUNE 30, 2017

* EXPECTS FY 2017 RENTAL INCOME OF AROUND EUR 75 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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