Brief: Tinc Comm FY Operating Income Up At 35.7 Million Euros

Tinc NV

09/09/2020 06:43

Sept 9 (Reuters) - Tinc Comm VA  TINCC.BR :
    * TINC PUBLISHES ITS ANNUAL REPORT 2019 - 2020 - RESILIENT
TINC
CONTINUES TO GROW ITS PORTFOLIO
    * END-JUNE NET ASSET VALUE (NAV) INCREASES TO € 445,7
MILLION OR €
12,26 PER SHARE
    * END-JUNE DISTRIBUTION OF € 0,51 PER SHARE IS PROPOSED TO
THE
SHAREHOLDERS, AN INCREASE OF 2% COMPARED TO THE PREVIOUS
FINANCIAL YEAR
    * DURING THE PAST FINANCIAL YEAR, TINC MADE € 107 MILLION OF
NEW
INVESTMENT COMMITMENTS
    * CASH POSITION AMOUNTS TO € 103,3 MILLION AT END OF THE
FINANCIAL
YEAR, AFTER THE CAPITAL INCREASE OF € 112,7 MILLION IN DECEMBER
2019
    * FY OPERATING INCOME EUR 35.7 MILLION VERSUS EUR 29.1
MILLION
YEAR AGO
    * FY TOTAL COMPREHENSIVE INCOME EUR 17.8 MILLION VERSUS EUR
20.3
MILLION YEAR AGO
    * END-JUNE INVESTMENT PORTFOLIO CONTAINS 22 PARTICIPATIONS
IN
BELGIUM, THE NETHERLANDS AND IRELAND WITH A FAIR VALUE OF €
340,3 MILLION
    * WILL CONTINUE TO SEEK OPPORTUNITIES TO GROW AND DIVERSIFY
PORTFOLIO, BOTH IN TERMS OF TYPE OF INFRASTRUCTURE AND IN TERMS
OF GEOGRAPHICAL FOOTPRINT
    * PARTICIPATIONS SHOWED OVERALL STRONG OPERATIONAL
RESILIENCE
UNDER COVID-19 AND CONTINUED TO FUNCTION WITHOUT MATERIAL
DISRUPTIONS OR PROBLEMS

Source text : https://bit.ly/35kZt5c
Further company coverage:  TINCC.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))