Brief: Bassac FY Net Result Group Share Up At Eur 158.5 Mln

Bassac SA

10/03/2022 18:03

March 10 (Reuters) - Bassac  BASS.PA :
    * FY CONSOLIDATED REVENUE (EXCLUDING VAT) EUR 1,209 MILLION
VERSUS
EUR 986 MILLION YEAR AGO
    * FY RECURRING OPERATING INCOME EUR 168 MLN VS EUR 147.4 MLN
(RETREATED) YR AGO
    * FY NET RESULT GROUP SHARE EUR 158.5 MILLION VERSUS EUR
99.9
MILLION YEAR AGO
    * ORDER BOOK AT END-DEC EUR 1.95 BILLION VERSUS EUR 1.30
BILLION
AT END-DEC 2020
    * LAND PORTFOLIO AT END-DEC AMOUNTED TO EUR 8.11 BILLION
VERSUS
EUR 4.78 BILLION AT END-DEC 2020
    * AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD
ON
FRIDAY, MAY 13, 2022, SHAREHOLDERS WILL BE ASKED TO APPROVE A
DIVIDEND OF  2.50 PER SHARE, UNCHANGED FROM LAST YEAR'S PROPOSAL
    * OUTLOOK: BASSAC HAS GOOD VISIBILITY FOR COMING SIX MONTHS,
BOTH
FOR ITS REAL ESTATE DEVELOPMENT ACTIVITIES AND FOR ITS GARAGE
CONSTRUCTION ACTIVITIES
    * OUTLOOK: IT SHOULD BE NOTED, HOWEVER, THAT PERSISTENT
DIFFICULTY
IN OBTAINING BUILDING PERMITS COMPLICATE AND LENGTHEN ITS
TRANSFORMATION
    * OUTLOOK: TO DATE, WAR IN UKRAINE HAS ALREADY CAUSED
EXTRAORDINARY INFLATION IN ENERGY COSTS WHICH WILL HAVE NEGATIVE
IMPACT ON PRODUCTION COSTS OF OUR ACTIVITIES
    * OUTLOOK: COMPANY CONTINUES TO BE ATTENTIVE TO INVESTMENT
OPPORTUNITIES THAT MAY ARISE, INCLUDING IN SECTORS UNRELATED TO
REAL ESTATE

Further company coverage:  BASS.PA 

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