Brief: CBO Territoria H1 Net Income Group Share Up At EUR 8.4 Mln

Cbo Territoria SA

13/09/2022 16:53

Sept 13 (Reuters) - CBO TERRITORIA SA  CBOT.PA :
    * H1 NET INCOME GROUP SHARE: EUR 8.4 MILLION (+15.6%)
    * 2022 GUIDANCE: GROWTH IN COMMERCIAL RENTAL INCOME OF OVER
+8%
    * PROPERTY DEVELOPMENT: STRONG VISIBILITY OVER NEXT 18 TO 24
MONTHS AND DEVELOPMENT POTENTIAL OF 1,200 UNITS ON LAND HELD
    * H1 REVENUES: EUR 33.3 MILLION (-4.5%)
    * COMMERCIAL PROPERTY PIPELINE: EUR106 MILLION OF PROJECTS
UNDER
DEVELOPMENT, INCLUDING EUR28 MILLION UNDER CONSTRUCTION AND
EUR26 MILLION TO BE LAUNCHED WITHIN NEXT 12 MONTHS
    * IN H1 2022, GROSS RENTAL INCOME FROM CBO TERRITORIA'S
ECONOMIC
COMMERCIAL PROPERTY PORTFOLIO GREW BY +8.4% TO EUR 11.8 MILLION
    * IN H1 2022, NET COMMERCIAL RENTAL INCOME ROSE BY 12.7% TO
EUR
11.2 MILLION
    * AT END OF JUNE 2022, GROUP'S GROSS FINANCIAL DEBT (BANK
AND BOND
DEBTS) AMOUNTED TO EUR 214.8 MILLION, UNCHANGED FROM YEAR-END
2021
    * CBO TERRITORIA HAD EUR 35.0 MILLION OF CASH POSITION AS OF
JUNE
30, 2022 (+EUR7.4 MILLION COMPARED TO YEAR-END 2021)
    * H1 NET ASSETS EUR 228.2 MILLION
    * IN MEDIUM TERM, CBO TERRITORIA INTENDS TO FURTHER DEVELOP
ITS
COMMERCIAL PORTFOLIO
    * GROUP HAS POTENTIAL TO DEVELOP AN ADDITIONAL 1,200
RESIDENTIAL
UNITS ON LAND HELD IN MEDIUM TERM

Source text for Eikon:  ID:nACT76194 
Further company coverage:  CBOT.PA 

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