Brief: Zug Estates FY Net Income Excluding Income From Revaluation And Special Effects Up At CHF 31.4 Mln

Zug Estates Holding AG

06/03/2020 05:40

March 6 (Reuters) - ZUG ESTATES HOLDING AG  ZUGN.S :
    * FY NET INCOME EXCLUDING INCOME FROM REVALUATION AND
SPECIAL
EFFECTS UP 9.6% TO CHF 31.4 MILLION
    * BOARD OF DIRECTORS WILL PROPOSE A 10.7% DIVIDEND INCREASE,
FROM
CHF 28.00 TO 31.00 PER SERIES B REGISTERED SHARE
    * FY PROPERTY INCOME INCREASES BY 7.3% TO CHF 54.5 MILLION
    * OUTLOOK 2020  WE ANTICIPATE AN INCREASE IN RENTAL REVENUE
DUE TO
FULL-YEAR RENTAL REVENUE
    * OUTLOOK 2020 WE EXPECT SALES AND GROSS OPERATING PROFIT IN
HOTEL
& CATERING SEGMENT TO FALL SHORT OF PRIOR-YEAR LEVELS DUE TO
IMPACT OF CORONAVIRUS
    * FY OPERATING INCOME BEFORE DEPRECIATION AND REVALUATION
ROSE
FROM CHF 42.2 MILLION TO CHF 53.4 MILLION (+26.6%)

Source text: https://bit.ly/2POGp6Q
Further company coverage:  ZUGN.S 

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