Bassac: Jumps on "excellent end of year"

Bassac SA

01/02/2021 09:45

** Shares in Bassac  BASS.PA  rise 6% after the France-based
real estate development company reports better-than-expected FY
revenues  urn:newsml:reuters.com:*:nS8N2CQ04C
    ** Bassac's FY revenue reached 986 million euros ($1.19
billion), up 1.1% year-on-year and above Portzamparc's
expectations
    ** The broker notes "an excellent end of the year", adding
that a healthy balance sheet, the level of the property
portfolio and cash generation remain the three pillars of its
investment rationale for the group
    


($1 = 0.8266 euros)

 ((Charles.regnier@thomsonreuters.com))