Brief: Varia US Properties FY Profit For Period Up At USD 42.8 Million

Varia US Properties AG

26/03/2020 06:11

March 26 (Reuters) - VARIA US PROPERTIES AG  VARN.S :
    * FY PROFIT FOR FINANCIAL YEAR 2019 OF USD 42.8 MILLION
(+71.9%)
    * FY EBITDA OF USD 40.9 MILLION (+5.1%)
    * FY TOTAL INCOME OF USD 139.5 MILLION (+38.4%)
    * SHAREHOLDER MEETING POSTPONED TO 26 JUNE 2020
    * FY NAV GROWTH TO USD 37.36 (2018: USD 37.14)
    * FY EFFECTIVE GROSS INCOME OF USD 99.4 MILLION (+15.6%)
    * WILL DISTRIBUTE DIVIDEND OF CHF 0.50 PER SHARE ON 12 MAY
2020
    * AT THAT STAGE, IT IS IMPOSSIBLE TO MEASURE SEVERITY OF
CORONAVIRUS IMPACT
    * IF ECONOMIC CONDITIONS ALLOW, THE COMPANY INTENDS TO
PROPOSE A
CAPITAL INCREASE TO ITS SHAREHOLDERS

Source text for Eikon:  ID:nNDLbSnl2g 
Further company coverage:  VARN.S 

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