Brief: Banimmo H1 Net Loss Narrows To 2.18 Million Euros

Banimmo SA

27/08/2020 16:52

Aug 27 (Reuters) - BANIMMO SA  BANI.BR :
    * RESULTS OF THE FIRST HALF-YEAR OF THE FINANCIAL YEAR 2020
    * NO COVID-19 IMPACT ON RENTAL INCOME, LIMITED IMPACT ON
PLANNING
OF CONSTRUCTION SITES IN PROGRESS
    * END-JUNE OPERATING LOSS EUR 0.7 MILLION VERSUS LOSS EUR
1.1
MILLION YEAR AGO 
    * ON 30 JUNE 2020 VALUE OF REAL ESTATE PORTFOLIO AMOUNTED TO
EUR
87.49 MILLION
    * NET ASSET VALUE PER SHARE ACCORDING TO ACCOUNTS STANDS AT
EUR
3.87 ON 30 JUNE 2020
    * END-JUNE RENTAL INCOME AMOUNTS TO EUR 1.9 MILLION, A
SLIGHT
INCREASE IN COMPARISON WITH EUR 1.8 MILLION ON 30 JUNE 2019
    * CONSOLIDATED NET RESULT (IFRS) OF FIRST HALF-YEAR OF 2020
RECORDS A LOSS OF EUR 2.18 MILLION, COMPARED TO A LOSS OF EUR
3.14 MILLION ON 30 JUNE 2019
    * OCCUPANCY RATE OF PORTFOLIO OF BUILDINGS ON 30 JUNE 2020
AMOUNTS
TO 83.74%, A DECREASE BY 7.8% COMPARED TO 31 DECEMBER 2019

Source text: nGNE3s6Q6g
Further company coverage:  BANI.BR 

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