Brief: Eurocommercial H1 Operating Result Up At EUR 142.3 Mln

Eurocommercial Properties NV

26/08/2022 06:51

Aug 26 (Reuters) - Eurocommercial Properties NV  ECMPA.AS :
    * HALF YEAR RESULTS 2022
    * CASH DIVIDEND OF €1.50 AND ONE FOR 75 SCRIP DIVIDEND PER
SHARE
PAID ON 1 JULY 2022
    * SALES TURNOVER IN H1 2022 WAS 2.4% HIGHER THAN THE
PRE-PANDEMIC
H1 2019
    * OCCUPANCY COST RATIO (OCR) WAS 9.2% AT 30 JUNE 2022
    * NET EARNINGS €1.21 (DIRECT INVESTMENT RESULT) PER SHARE
FOR SIX
MONTHS TO 30 JUNE 2022
    * DIRECT INVESTMENT RESULT GUIDANCE FOR FULL YEAR 2022
RANGING
BETWEEN €2.20 AND €2.30 PER SHARE
    * H1 LOAN TO VALUE RATIO (ON THE BASIS OF PROPORTIONAL
CONSOLIDATION) REDUCED FURTHER TO 38.9% COMPARED TO 42.3% AT 31
DECEMBER 2021 AND 43.8% AT 30 JUNE 2021
    * AN INTERIM DIVIDEND WILL BE PAYABLE IN JANUARY 2023 AND A
FINAL
DIVIDEND PAYABLE IN JULY 2023
    * THE INTERIM DIVIDEND IS EXPECTED TO BE 40% OF THE TOTAL
CASH
DIVIDEND PAID IN THE PREVIOUS FY, WHICH WAS €1.50 PER SHARE, SO
FOR JANUARY 2023 THE INTERIM DIVIDEND IS EXPECTED TO BE €0.60
PER SHARE
    * H1 OPERATING RESULT EUR 142.3 MILLION VERSUS EUR 22.7
MILLION
YEAR AGO
    * H1 IFRS PROFIT AFTER TAXATION ATTRIBUTABLE TO OWNERS OF
THE
COMPANY AT €172.1 MILLION VS €17.8 MILLION YR AGO 

Source text for Eikon:  ID:nGNE7jx4nf 
Further company coverage:  ECMPA.AS 

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