April 28, 2017 / 5:19 AM / 5 months ago

BRIEF-DEMIRE FY rental income more than doubles to 76.4 mln euros

April 28 (Reuters) - Demire Deutsche Mittelstand Real Estate AG:

* FY rental income more than doubled to 76.4 million euros ($83.00 million)(2015: 33.3 million euros)

* Net profit for period declined by around 4% to 27.6 million euros in 2016 (31 December 2015: 28.9 million euros)

* Set itself strategic target of expanding portfolio to a carrying amount of 2 billion euros over medium term beyond 2017

* Expects key performance indictors to improve in 2017 and will provide a forecast of development of significant KPIS for 2017 financial year over next weeks

* Demire has set itself strategic target of expanding portfolio to a carrying amount of 2 billion euros over medium term beyond 2017

* Expects rising income from property letting and falling costs at portfolio and administration level in 2017 financial year Source text for Eikon: Further company coverage: ($1 = 0.9205 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below