Brief: Texaf FY Recurring Operating Result Slightly Up At 8.0 Mln

Texaf NV

25/02/2022 07:41

Feb 25 (Reuters) - Texaf SA  TEXB.BR :
    * LAUNCH OF THE LARGEST ENTREPRENEURIAL AND DIGITAL HUB IN
AFRICA
(11,000 M2 ) AS WELL AS AN AMBITIOUS REAL ESTATE PROJECT (94
HOUSING UNITS)
    * TEXAF INVESTED €1 MILLION IN THE FIRST PARTECH AFRICA I
FUND IN
2019. THE RESULTS FROM THIS FUND ARE VERY ENCOURAGING  AND TEXAF
PLANS TO SUBSCRIBE TO THE NEW PARTECH II FUND (Q2/2022)
    * OUTLOOK 2022: THE GROUP EXPECTS EARNINGS GROWTH IN 2022
    * FY RECURRING OPERATING RESULT EUR 8.0 MILLION VERSUS EUR
7.9
MILLION YEAR AGO
    * OUTLOOK 2022: IN REAL ESTATE, FULL-YEAR CONTRIBUTION OF 33
BOIS
NOBLES II APARTMENTS AND DECREASE IN VACANCY RATE SHOULD
INCREASE RENTS AND RECURRING OPERATING RESULT
    * OUTLOOK 2022:  FOR CARRIGRES, INCREASE IN VOLUMES, PRICES
SHOULD
IMPROVE TURNOVER AND EBITDA
    * FY REVENUE FROM ORDINARY ACTIVITIES EUR 22.7 MILLION
VERSUS EUR
21.9 MILLION YEAR AGO
    * OUTLOOK 2022:  FOR CARRIGRES, IN TERMS OF OPERATING
RESULT,
EFFECT TO NOT BE THAT STRONG AFTER TAKING INTO ACCOUNT
DEPRECIATION OF NEW MACHINERY
    * OUTLOOK 2022:  DIGITAL ACTIVITY OF SILIKIN VILLAGE, STILL
IN
LAUNCH PHASE, IS NOT YET LIKELY TO CONTRIBUTE POSITIVELY TO
GROUP’S RESULTS
    * BOARD OF DIRECTORS TO PROPOSE INCREASING DIVIDEND TO EUR
5,237,937 OR EUR 1.42857 (EUR 1.00 NET) PER SHARE, AN INCREASE
OF 11% PER SHARE
    * FY CONSOLIDATED NET PROFIT GROUP SHARE EUR 5.2  MILLION
VERSUS
EUR 4.6 MILLION YEAR AGO

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3Rz9vF
Further company coverage:  TEXB.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 772 09 20;))