Edition:
India

Aroundtown Reports 28 Pct Jump In Net Profit


Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Aroundtown SA ::AROUNDTOWN SA ANNOUNCES 9M 2018 RESULTS: STRONG INTERNAL AND ACCRETIVE EXTERNAL GROWTH DRIVES HIGH PROFITABILITY.NET RENTAL INCOME OF EUR456 MILLION, IMPROVED SIGNIFICANTLY BY 42% FROM EUR320 MILLION RECORDED DURING SAME PERIOD IN 2017.ADJUSTED EBITDA AT EUR440 MILLION, IS 45% HIGHER THAN EUR303 MILLION IN 9M 2017.FFO I FURTHER IMPROVED TO EUR297 MILLION, GROWING 46% YOY.NET PROFIT AMOUNTED TO EUR1.4 BILLION DURING PERIOD, INCREASING 28% YOY.INVESTMENT PROPERTY INCREASED TO EUR13.2 BILLION, UP 34% AS COMPARED TO EUR9.8 BILLION AS AT YEAR-END 2017, DRIVEN BY HIGH QUALITY ACQUISITIONS.