Brief: Zug Estates H1 property income grows 5.4% yoy to CHF 20.8 mln

Zug Estates Holding AG

01/09/2017 06:00

Sept 1 (Reuters) - ZUG ESTATES HOLDING AG  ZUGN.S : 
    * NET INCOME EXCLUDING INCOME FROM REVALUATION INCREASES BY 
7.9% TO CHF 13.0 MILLION (FIRST HALF 2016: CHF 12.1 MILLION) 
    * H1 PROPERTY INCOME GROWS 5.4% YEAR-ON-YEAR TO CHF 20.8 
MILLION (FIRST HALF 2016: CHF 19.7 MILLION) 
    * H1 NET INCOME EXCLUDING REVALUATION WAS UP BY 7.9% TO CHF 
13.0 MILLION 
    * H1 EBIT AND NET INCOME WERE DOWN ON PREVIOUS YEAR'S 
FIGURES AT CHF 26.1 MILLION AND CHF 20.0 MILLION RESPECTIVELY 
    * FOR YEAR AS A WHOLE, WE EXPECT OPERATING INCOME BEFORE 
DEPRECIATION AND REVALUATION TO BE AT PREVIOUS YEAR'S LEVEL 
    * IN 2017 WE ARE PROJECTING A TOTAL INVESTMENT VOLUME OF 
APPROXIMATELY CHF 160 MILLION, INCLUDING PROMOTIONAL PROPERTY 
    * NET INCOME EXCLUDING REVALUATION IS EXPECTED TO BE HIGHER 
THAN IN PREVIOUS YEAR IN FY 
 
Source text - http://bit.ly/2eJGQgf 
Further company coverage:  ZUGN.S  
 
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