Brief: Noratis H1 pre-tax profit adj for IPO costs of EUR 6.9 mln

Noratis AG

29/09/2017 11:57

Sept 29 (Reuters) - NORATIS AG  NUVG.DE : 
    * ANNOUNCES PRE-TAX PROFIT ADJUSTED FOR IPO COSTS OF EUR 
6.9 MILLION FOR FIRST HALF OF 2017 
    * H1 PROFIT AFTER TAX AND IPO COSTS WAS EUR 3.3 MILLION, A 
MULTIPLE OF PROFIT FOR FIRST HALF OF 2016 OF EUR 0.7 MILLION 
    * IS PLANNING TO PROPOSE A DIVIDEND PAYMENT OF AROUND 50 
PERCENT OF ANNUAL NET PROFIT FOR 2017 FINANCIAL YEAR TO ANNUAL 
GENERAL MEETING 
    * H1 EBIT ROSE TO EUR 8.4 MILLION BEFORE DEDUCTION OF IPO 
COSTS, UP FROM EUR 2.8 MILLION IN SAME PERIOD LAST YEAR 
    * NORATIS AG - SHARP RISE IN PROFITS FOR H1 WAS PRIMARILY 
ATTRIBUTABLE TO SALE OF REAL ESTATE PORTFOLIO IN DORMAGEN AND OF 
INDIVIDUAL APARTMENTS 
 
Source text for Eikon:  ID:nEQ2KDRZ6a  
Further company coverage:  NUVG.DE  
 
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