March 31, 2018 / 2:17 AM / 4 months ago

BRIEF-Cpi Property Group SA -Reports Record Financial Results For 2017 Financial Year​

March 30 (Reuters) - Cpi Property Group Sa:

* ‍REPORTS RECORD FINANCIAL RESULTS FOR 2017 FINANCIAL YEAR​

* ‍TOTAL ASSETS OF EUR 7.5 BILLION IN 2017, AN INCREASE OF EUR 1.9 BILLION FROM 2016​

* FY ‍TOTAL REVENUES ROSE EUR 87 MILLION TO EUR 438 MILLION, AND EPRA NAV GREW 44% TO EUR 3.9 BILLION​

* CPI PROPERTY GROUP - FY ‍OPERATING RESULT OVER EUR 1 BILLION, REFLECTING COMBINED EFFECTS OF HIGHER NET BUSINESS INCOME OF EUR 272 MILLION

* FY ‍NET RENTAL INCOME INCREASED BY 12% TO EUR 232 MILLION COMPARED TO EUR 207 MILLION IN 2016​

* CPI PROPERTY GROUP -FY ‍INCREASE IN INCOME TAX EXPENSE BY EUR 63 MILLION REFLECTS PRIMARILY DEFERRED TAX EFFECT OF PROPERTY PORTFOLIO REVALUATION​

* ‍TOTAL EQUITY INCREASED BY 45%, FROM EUR 2,289 MILLION AS AT 31 DEC 2016 TO EUR 3,315 MILLION AS AT 31 DECEMBER 2017​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below