Brief: Italy's IGD Q1 Net Profit Down At EUR 10.3 Mln

Immobiliare Grande Distribuzione SIIQ SpA

06/05/2021 11:47

May 6 (Reuters) - Immobiliare Grande Distribuzione SIIQ SpA
 IGD.MI :
    * Q1 NET PROFIT EUR 10.3 MILLION VERSUS PROFIT EUR 14.9
MILLION
YEAR AGO
    * Q1 REVENUE EUR 36.7 MILLION VERSUS EUR 38.4 MILLION YEAR
AGO
    * Q1 FFO EUR 13.8 MILLION, DOWN 33.3%
    * IN SECOND QUARTER, GROUP IS PREPARING FOR GRADUAL
RELAXATION OF
RESTRICTIVE MEASURES AND AT  REOPENING OF ALL TENANTS
    * RESTRICTIONS ON SHOPPING MALL ACTIVITIES ARE STILL
WEIGHING
SIGNIFICANTLY
    * Q1 NET RENTAL INCOME: €26.2 MILLION (-20.7%)
    * "ONE-OFF" COVID IMPACT OF €5.4 MILLION RECOGNIZED IN 1Q
2021
    * Q1, NOTES FALLING DUE REDEEMED IN FULL WITH SIGNIFICANT
CASH ON
HAND AT THE END OF THE REPORTING PERIOD  OF €46.86 MILLION

Source text for Eikon:  ID:nBIA5mMRqn 
Further company coverage:  IGD.MI 

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