Brief: CBo Territoria FY Operating Income Up At 26.2 Million Euros

Cbo Territoria SA

16/03/2022 18:16

March 16 (Reuters) - CBO TERRITORIA  CBOT.PA :
    * ANNOUNCED ON WEDNESDAY ITS 2021 RESULTS
    * FY REVENUES EUR 85.7 MLN, DOWN 17.3% YOY
    * FY NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT EUR
15.7 MLN,
UP 10.4% YOY
    * FY OPERATING INCOME(INCLUDING ASSOCIATES) EUR 26.2 MLN, UP
5.8%
YOY
    * ECONOMIC PORTFOLIO VALUED AT EUR 384.5 MLN AT END-DEC, UP 
4.0%,
COMPARED WITH EUR 369.7 MLN YEAR AGO 
    * DIVIDEND PROPOSAL OF EUR 0.24 PER SHARE, UP 4.3% YOY
    * OUTLOOK 2022: CONTINUATION OF DEVELOPMENT OF MAYOTTE
COMMERCIAL
CENTER WITH INVESTMENTS OF EUR 27 MLN
    * OUTLOOK 2022: GROUP HAS PIPELINE OF COMMERCIAL PROJECTS OF
EUR
25 MLN ON ITS LAND HOLDINGS
    * OUTLOOK 2022: GROUP IS TO BENEFIT FROM SALE TO
SHLMR/ACTION
LOGEMENT OF 118 HOMES OUT OF 287 HELD AT END-2021 
    * OUTLOOK 2022: PROPERTY INVESTMENT: GROSS RENTAL INCOME
GROWTH
TARGET OF 4% 
    * OUTLOOK: INTENDS TO DEVELOP PROPERTY DEVELOPMENT ACTIVITY
OUTSIDE REUNION ISLAND AND MAYOTTE 
    * ANNOUNCES 2025 STRATEGIC PLAN 
    * 2025 OBJECTIVES: FOR PROPERTY INVESTMENT, EUR 430 MLN OF
ECONOMIC COMMERCIAL ASSETS, UP 43% FROM 2021 
    * 2025 OBJECTIVE: FOR PROPERTY INVESTMENT, MONETIZATION OF
EUR 50
MLN OF INVENTORIES AT YEAR-END 2021 TO GENERATE FINANCING
CAPACITY FOR PROPERTY INVESTMENT BUSINESS
    * 2025 OBJECTIVE: LAND AND DEVELOPMENT: EUR 25 MLN
INVESTMENTS TO
CREATE FUTURE GROWTH DRIVERS 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT73592
 Further company coverage:  CBOT.PA  

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