Brief: CBO Territoria FY Operating Income Up At 24.2 Million Euros

Cbo Territoria SA

25/03/2020 07:12

March 25 (Reuters) - CBO TERRITORIA SA  CBOT.PA :
    * FY OPERATING INCOME EUR 24.2 MILLION VERSUS EUR 19.8
MILLION
YEAR AGO
    * PROPOSAL TO PAY A DIVIDEND AT 0.23 EUR (+ 0.01 EUR) WITH
OPTION
PAYMENT IN SHARES
    * HIGH 2020 ACTIVITY LEVEL: ORDER BOOK AT END OF 2019 EUR 62
MLN
    * ON CORONAVIRUS: AS A MAJOR PLAYER IN RÉUNION'S ECONOMY,
CBO
TERRITORIA IS MOBILISED ON CORONAVIRUS CRISIS IN RÉUNION AND ITS
IMPACTS
    * FY NET INCOME GROUP SHARE EUR 12.0 MILLION VERSUS EUR 10.4
MILLION YEAR AGO
    * FY REVENUE EUR 110.7 MILLION VERSUS EUR 84.9 MILLION YEAR
AGO
    * FY REVALUED NET ASSETS OF € 5.96 / SHARE (STABLE) AND €
5.79 /
DILUTED SHARE (+ 4.8%)
    * ON CORONAVIRUS:  FOR CONSTRUCTION COMPANIES INVOLVED IN
GROUP'S
VARIOUS PROJECTS, CBO TERRITORIA WORKS WITH THEM ON A
CASE-BY-CASE BASIS IN ORDER TO GUARANTEE SAFETY OF THE VARIOUS
PARTIES INVOLVED, WHICH IS ITS PRIORITY, AND TO ENABLE REUNION
ISLAND TO MAINTAIN A GOOD LEVEL OF ECONOMIC ACTIVITY AND
EMPLOYMENT IN THE LONG TERM
    * OUTLOOK 2020: EXPECTS ORDER BOOK AT END OF 2019 AT EUR 62
MILLION, FULL REALIZATION OF WHICH WILL DEPEND ON IMPACT OF
CORONAVIRUS CRISIS
    * AS OF DECEMBER 31, 2019, THE BALANCE SHEET SHOWS AN
INCREASE IN
CASH FROM € 21.1 MILLION TO € 43.0 MILLION COMPARED TO € 21.9
MILLION AT THE END OF 2018
    * OUTLOOK 2020/2021: CONFIDENCE DESPITE THE CONTEXT

Source text for Eikon:  ID:nACT62637 
Further company coverage:  CBOT.PA 

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