Brief: Banimmo FY Operating Profit Turns To Loss At Eur 3.8 Mln

Banimmo SA

05/03/2024 16:49

March 5 (Reuters) - Banimmo SA  BANI.BR :
    * 2023 RENTAL INCOME UP 19% TO EUR 5.8 MILLION
    * FY PROPERTY RESULT WAS EUR 719K, DUE TO A LIMITED
WRITE-DOWN OF
OF 3.4% ON THE PROPERTY PORTFOLIO, AMOUNTING TO EUR 4.0 MILLION
(2022: + EUR 0.8 MILLION)
    * END-FY NET DEBT INCREASED FROM 27.2% TO 34.7%
    * FY NET LOSS EUR 6.4 MILLION
    * FY OPERATING LOSS EUR 3.8 MILLION VERSUS PROFIT EUR 1.5
MILLION
YEAR AGO
    * NET DEBT INCREASED FROM 27.2% TO 34.7%, RESULTING IN A
SLIGHT
13% INCREASE IN FINANCING COSTS
    * IN GHENT, WORK ON NETWORKS GENT ATMOS IS PROGRESSING WELL
AND
WORK ON THE FARYS BUILDING WILL SOON BE ABLE TO START ONCE THE
NECESSARY PERMITS HAVE BEEN OBTAINED
    * RECEPTION IS PLANNED FOR 2025 AND 2026 RESPECTIVELY

Source text for Eikon:  ID:nGNE8ZDpym 
Further company coverage:  BANI.BR 

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