Brief: Zug Estates FY Net Income At CHF 32.3 Million

Zug Estates Holding AG

05/03/2021 05:36

March 5 (Reuters) - ZUG ESTATES HOLDING AG  ZUGN.S :
    * ACHIEVES SOLID OVERALL RESULTS
    * FY NET INCOME EXCLUDING REVALUATION AND SPECIAL EFFECTS
CAME TO
CHF 25.9 MILLION (PREVIOUS YEAR: CHF 31.4 MILLION).
    * FY NET INCOME AMOUNTED TO CHF 32.3 MILLION (PREVIOUS YEAR:
76.0
MILLION)
    * FY PROPERTY INCOME GREW BY 6.1% TO CHF 57.8 MILLION
    * BOARD OF DIRECTORS WILL PROPOSE A 9.7% INCREASE IN
ORDINARY
DIVIDEND, FROM CHF 31.00 TO CHF 34.00 PER SERIES B REGISTERED
SHARE
    * A SPECIAL DIVIDEND OF CHF 10.00 IS TO BE PAID OUT FROM
PROMOTIONAL PROFIT GENERATED THROUGH AGLAYA PROJECT
    * FY EBIT SUBSEQUENTLY DECLINED FROM CHF 70.5 MILLION TO CHF
43.7
MILLION (-38.0%)
    * OUTLOOK 2021: RENTAL REVENUE WILL INCREASE
    * OUTLOOK 2021: OPERATING INCOME BEFORE DEPRECIATION AND
REVALUATION TO BE LOWER YEAR OVER YEAR DUE TO ABSENCE OF SPECIAL
EFFECT FROM SALE OF AGLAYA APARTMENTS

Source text for Eikon:  ID:nEQc2l6X2a 
Further company coverage:  ZUGN.S 

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