Brief: Fonciere Volta FY Net Profit Up At EUR 43.3 Million

Fonciere Volta SA

19/06/2020 18:22

June 19 (Reuters) - Fonciere Volta SA  SPOE.PA :
    * FY NET PROFIT GROUP SHARE EUR 43.3 MILLION VERSUS EUR 2.3
MILLION YEAR AGO
    * FY RENTAL INCOME EUR 6.1 MILLION VERSUS EUR 5.8 MILLION
YEAR AGO
    * INTENDS TO CONTINUE DEVELOPING NEW VALUE-ADDED REAL ESTATE
PROJECTS, MAINLY IN PARIS AND THE ÎLE-DE-FRANCE REGION.
    * FY RECURRING OPERATING INCOME EUR 66.5 MILLION VERSUS EUR
2.4
MILLION YEAR AGO
    * IS NOT IN A POSITION TO ASSESS THE IMPACT OF THE EPIDEMIC
OF
COVID-19 ON THE VALUE OF ITS ASSETS
    * NET CASH POSITION AT DECEMBER 31, 2019 OF 48 MEUR
    * IN DISCUSSION WITH TENANTS WHO ARE EXPERIENCING
DIFFICULTIES IN
ORDER TO  ADJUST, ON A CASE-BY-CASE BASIS,  TERMS OF PAYMENT OF
RENT

Source text for Eikon:  ID:nACT63932 
Further company coverage:  SPOE.PA 

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