Brief: Zug Estates FY operating income down at CHF 61.2 mln

Zug Estates Holding AG

10/03/2017 05:55

March 10 (Reuters) - Zug Estates Holding AG  ZUGN.S : 
    * FY net income excluding revaluation amounted to 24.0 
million Swiss francs ($23.72 million), thus remaining on a par 
with prior-year figure 
    * Operating income of 61.2 million Swiss francs in 2016, 
representing a year-on-year decrease of 2.7% 
    * Anticipates that 2017 income from revaluation of 
investment properties (net) will be down on previous year, and 
that this will similarly impact net income 
    * Expecting a year-on-year increase in net income excluding 
income from revaluation 
    * To propose that payout be increased by 12.2% to 23.00 
francs per series b registered share 
 
Source text for Eikon:  ID:nEQbVKxqL  
Further company coverage:  ZUGN.S  
 
($1 = 1.0120 Swiss francs) 
 
 (Gdynia Newsroom) 
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