Brief: Zug Estates FY net income up by almost 50 pct to CHF 67.1 mln

Zug Estates Holding AG

11/03/2016 05:55

March 11 (Reuters) - Zug Estates Holding AG  ZUGN.S : 
    * Propose to shareholders in 2016 that payout be increased 
by 10.8 pct to 20.50 Swiss francs per series B registered share 
    * FY property income grew by 4.4 pct to 39.1 million Swiss 
francs ($39.7 million), operating income before depreciation and 
revaluation rose by 4.0 pct to 39.2 million Swiss francs, and 
net income increased by almost 50 pct to 67.1 million francs 
    * Continuing demand for property investment means zug 
estates can expect to generate income from revaluation of 
investment properties (net) in 2016 as well, but it is 
predicting a year-on-year decline 
 
Source text for Eikon:  ID:nEQ3sHBpWa  
Further company coverage:  ZUGN.S  
 
($1 = 0.9851 Swiss francs) 
 
 (Gdynia Newsroom) 
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