Brief: Genova Reports Declining Property Value

Genova Property AB

16/08/2023 08:04

Aug 16 (Reuters) - Genova Property Group AB  GPGR.ST :
    * WE FIND OURSELVES IN A CHALLENGING TIME WITH RISING
INTEREST
RATES THAT ARE WEIGHING ON PROFITABILITY IN INDUSTRY, WHICH IS
LEADING TO HIGHER YIELD REQUIREMENTS RESULTING IN DECLINING
PROPERTY VALUE
    * DURING AND AFTER END OF PERIOD, WE HAVE TAKEN SEVERAL
STEPS TO
STRENGTHEN OUR FINANCIAL POSITION AND REDUCE INTEREST EXPENSE

Source text for Eikon:  ID:nWkr40hpKn 
Further company coverage:  GPGR.ST 

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