Italy's IGD Q1 core profits fall about 20% hit by pandemic
06/05/2021 12:14
May 6 (Reuters) - ** Italian property company IGD IGD.MI
said on Thursday its core profit fell 21.6% in the first quarter
as shopping centers were severely affected by the restrictions
set to contain the pandemic.
** Earnings before interests, taxes, depreciation and
amortization (EBITDA) in the January-March period fell to 23.8
million euros ($28.66 million).
** IGD, which owns and manages shopping malls and
supermarkets in Italy and Romania, added that Funds From
Operations (FFO) - a measure of its operating performance -
decreased 33.3% to 13.8 million euros in the first three months
of this year.
($1 = 0.8304 euros)
(Reporting by Rita Plantera, editing by Maria Pia Quaglia)
(( r.plantera@thomsonreuters.com ; +48 58 769 65 79) ))
((R.Plantera@thomsonreuters.com;))