Brief: Banimmo FY Operating Loss Turns To Profit Of 2 Million Euros

Banimmo SA

03/03/2021 17:15

March 3 (Reuters) - Banimmo SA  BANI.BR :
    * POSITIVE OPERATING PROFIT OF EUR 2.0 MILLION, FOR THE
FIRST TIME
SINCE YEARS
    * NET PROFIT LIMITED TO A LOSS OF EUR 1.5 MILLION IN LINE
WITH
FORECASTS AND DESPITE THE COVID-19
    * NET RENTAL INCOME (RENTAL INCOME LESS RENTAL CHARGES)
AMOUNTED
TO EUR 3.3M IN 2020 COMPARED TO EUR 3.8M IN 2019
    * IN VIEW OF THE NEGATIVE RESULT FOR THE FINANCIAL YEAR, THE
BOARD
OF DIRECTORS WILL PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS
NOT TO PAY A DIVIDEND
    * WILL COMPLETE THE THREE ONGOING DEVELOPMENT PROJECTS IN
2021,
NAMELY NETWORKS NØR (BRUSSELS), NETWORKS GAND AND THE ING
BUILDING IN LOUVAIN-LA-NEUVE

Source text for Eikon:  ID:nGNE153qfY 
Further company coverage:  BANI.BR 

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