Brief: Park Street Nordicom H1 EBVAT Falls To DKK 36.2 Million

Park Street A/S

27/08/2020 14:39

Aug 27 (Reuters) - Park Street Nordicom A/S  PSNRDCa.CO :
    * INTERIM FINANCIAL REPORT, 1ST HALF OF 2020
    * H1 EBVAT DKK 36.2 MILLION VERSUS DKK 40.4 MILLION YEAR AGO
    * PARK STREET NORDICOM EXPECTATIONS FOR EBVAT AT YEAR END
2020 ARE
IN RANGE OF DKK 70-75 MILLION WHICH IS LOWER THAN DKK 83 MILLION
OBTAINED BY YEAR END 2019.
    * REDUCTION OF EXPECTATIONS IS A DIRECT CONSEQUENCE OF
DISRUPTIONS
GENERATED BY COVID-19 DUE TO REDUCTION OF PROFIT GENERATED ON
HOTEL BUSINESS AND DELAY ON FILLING EXISTING VACANT UNITS IN
PORTFOLIO
    * H1 PROFIT AFTER TAX DKK 63.3 MILLION VERSUS DKK 36.5
MILLION
YEAR AGO
    * H1 RENTAL INCOME DKK 71.0 MILLION VERSUS DKK 75.6 MILLION
YEAR
AGO
    * H1 NET SALES DKK 80.3 MILLION VERSUS DKK 91.5 MILLION YEAR
AGO

Source text for Eikon:  ID:nGNE1THfSB 
Further company coverage:  PSNRDCa.CO 

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