Edition:
India

ADO Properties FY EBITDA From Rental Activities Up 21.7 Pct To EUR 93.8 Million


Wednesday, 20 Mar 2019 

March 20 (Reuters) - ADO Properties SA ::INCOME FROM RENTAL ACTIVITIES OF ADO PROPERTIES ROSE DYNAMICALLY IN 2018 BY 23.3% TO EUR 134.6 MILLION (2017: EUR 109.2 MILLION).EBITDA FROM RENTAL ACTIVITIES INCREASED BY 21.7% FROM EUR 77.1 MILLION IN 2017 TO EUR 93.8 MILLION IN FULL YEAR 2018.FY FFO1 (FROM RENTAL ACTIVITIES) ROSE BY 23.0% UP TO EUR 66.8 MILLION (2017: EUR 54.3 MILLION).EXPECTED FFO 1 RUN RATE IN 2019 APPROXIMATELY EUR 65 MILLION.FOR BUSINESS YEAR 2018 BOARD HAS RECOMMENDED A DIVIDEND OF EUR 0.75 PER SHARE, A 25% INCREASE. 

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