Brief: Zug Estates Holding FY Net Income Up 12.2% At CHF 38.8 Mln

Zug Estates Holding AG

08/03/2019 05:59

March 8 (Reuters) - Zug Estates Holding AG  ZUGN.S :
    * FY NET INCOME UP 12.2% TO CHF 38.8 MILLION
    * FY INCREASE OF 8.9% IN NET INCOME EXCLUDING INCOME FROM REVALUATION TO CHF 28.6 MILLION
    * FY PROPERTY INCOME UP 11.8% TO CHF 50.8 MILLION
    * SPECIAL DIVIDEND FROM SALE OF AGLAYA CONDOMINIUMS BE PROPOSED AT 2020 AND 2021 GENERAL
MEETINGS
OF SHAREHOLDERS
    * AT EACH GM AS OF 2020, TO PROPOSE A DIVIDEND CALCULATED AT AN ANNUAL GROWTH RATE OF 10%
    * ANTICIPATES A YEAR-ON-YEAR INCREASE IN NET INCOME EXCLUDING INCOME FROM REVALUATION
    * IN HOTEL & CATERING SEGMENT, SEES TO MAINTAIN SALES AND GROSS OPERATING PROFIT AT
PRIOR-YEAR
LEVELS
    * IN REAL ESTATE BUSINESS UNIT WE EXPECT A RISE IN RENTAL REVENUE FOR 2019

Source text for Eikon:  ID:nTENktt7va 
Further company coverage:  ZUGN.S 

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