Brief: CBO Territoria H1 Operating Income Up At EUR 13.2 Mln

Cbo Territoria SA

14/09/2021 17:24

Sept 14 (Reuters) - CBO TERRITORIA SA  CBOT.PA :
    * ANNOUNCED ON TUESDAY H1 2021 RESULTS
    * H1 REVENUE EUR 36.4 MLN VS EUR 37.8 MLN YR AGO
    * H1 OPERATING INCOME EUR 13.2 MLN VS EUR 8.0 MLN YR AGO
    * H1 NET INCOME ATTRIBUTABLE EUR 7.3 MLN VS EUR 4.2 MLN YR
AGO
    * AS OF SEPTEMBER 14, 2021, LA REUNION REMAINS LESS AFFECTED
BY
THE PANDEMIC THAN THE FRENCH MAINLAND 
    * TO DATE, THE PANDEMIC'S LIKELY IMPACT ON 2021 INCOME
STATEMENT
HAS BEEN KEPT DOWN TO LESS THAN EUR 0.2 MLN
    * AT JUNE 30, 2021, NAV ROSE 4.1% OVER 12 MONTHS TO EUR
216.3 MLN
    * INTENDS TO CONTINUE EXPANDING ITS PROPERTY INVESTMENT
BUSINESS
OUT TO 2023, WITH EUR 46 MLN IN COMMERCIAL ASSETS, INCLUDING EUR
24 MLN IN PROJECTS STARTING UP IN H2 2021
    * IS CONTINUING TO SELL DOWN ITS RESIDENTIAL ASSETS UNDER
THE
AGREEMENT REACHED WITH SHLMR/ACTION LOGEMENT
    * FOR 2021, GROUP HAS SET A TARGET OF A 2% INCREASE IN GROSS
RENTAL INCOME TO EUR 23.8 MLN
    * PROPERTY DEVELOPMENT: ORDER AND NEGOTIATIONS IN PROGRESS
BACKLOG
OF EUR 80.7 MLN 

       
 Source text for Eikon:  ID:nACT70983 
 Further company coverage:  CBOT.PA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))