Brief: Zug Estates Holding H1 Oper Income Up 4% At CHF 36.7 Mln

Zug Estates Holding AG

30/08/2019 05:37

Aug 30 (Reuters) - Zug Estates Holding AG  ZUGN.S :
    * H1 NET INCOME INCREASED 43.5% FROM CHF 18.2 MILLION TO CHF 26.1 MILLION.
    * H1 OPERATING INCOME INCREASED OVERALL FROM CHF 35.3 MILLION TO CHF 36.7 MILLION (+4.0%)
    * FOR 2019 LOOKS TO SEE A MARKED INCREASE IN OPERATING INCOME BEFORE DEPRECIATION AND
REVALUATION
    * OUTLOOK 2019: EXPECT NET INCOME EXCLUDING INCOME FROM REVALUATION TO AGAIN BE HIGHER THAN
PREVIOUS YEAR
    * SEES REVENUE AND GROSS OPERATING PROFIT IN HOTEL & CATERING SEGMENT TO BE DOWN SLIGHTLY
AGAINST
2018

Source text for Eikon:  ID:nTENihq90a 
Further company coverage:  ZUGN.S 

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