February 1, 2018 / 6:14 AM / in 7 months

BRIEF-Peach Property Group ‍FY Earnings Before Taxes At Around CHF 50 Million

Feb 1 (Reuters) - PEACH PROPERTY GROUP AG:

* ‍FY STRONG INCREASE IN EARNINGS BEFORE TAXES TO AROUND CHF 50 MILLION, AFTER CHF 15.5 MILLION DURING PREV YEAR​

* ‍ANNUALISED TARGET RENTS RISE BY 109 PERCENT FROM CHF 16.3 MILLION DURING PREVIOUS YEAR TO CHF 34 MILLION​

* ‍> POSITIVE OUTLOOK: CONTINUATION OF DYNAMIC GROWTH EXPECTED IN 2018​

* ‍MEDIUM-TERM EXPANSION OF PORTFOLIO TO 9,000 RESIDENTIAL UNITS PLANNED​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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