Brief: Renta Corp Q1 Net Profit Down 78% At 0.8 Mln Euros YoY

Renta Corporacion Real Estate SA

13/05/2020 18:22

May 13 (Reuters) - Renta Corporacion Real Estate SA
 REN.MC :
    * Q1 NET PROFIT 0.8 MILLION EUROS VERSUS 3.7 MILLION EUROS
YEAR
AGO
    * Q1 EBITDA 1.1 MILLION EUROS VERSUS 4.7 MILLION EUROS YEAR
AGO
    * Q1 REVENUE 20.6 MILLION EUROS VERSUS 22.3 MILLION EUROS
YEAR AGO
    * Q1 RESULTS SUFFERED SIGNIFICANT IMPACT FROM COVID-19
CRISIS
    * EXPECTS UNFAVOURABLE EVOLUTION OF THE BUSINESS TO BE
SIMILAR OR
WORSE IN Q2
    * SAYS HAS A SOLID LIQUIDITY POSITION
    * TO SUSPEND COMPLEMENTARY DIVIDEND PAYMENT RELATED TO FY
2019,
NEW PROPOSAL TO BE SUBMITTED IN UPCOMING SHAREHOLDERS MEETING

Source text for Eikon:  ID:nCNMFjXHt 
Further company coverage:  REN.MC 

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