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8 months ago
BRIEF-Buwog H1 net profit down 17.6 pct at 146.2 mln euros
December 21, 2016 / 7:37 AM / 8 months ago

BRIEF-Buwog H1 net profit down 17.6 pct at 146.2 mln euros

Dec 21 (Reuters) - Buwog AG :

* Forecast for recurring FFO for 2016/17 financial year unchanged at a minimum of 108 million euros ($112.38 million)

* Generated an EBITDA of eur 86.4 million in first half of 2016/17 financial year

* H1 significant increase of recurring FFO by 18.6 pct to 57.6 million euros

* Reduction of average interest rate to 1.91 pct - further decrease expected to approx. 1.77 pct by end of Q3 of 2016/17 financial year

* Epra net asset value per share improves by 6.3 pct to 21.45 euros since April 30, 2016

* Like-For-Like growth in rents came to 4.4 pct in first half year; vacancy rate remained low at a total of 3.5 pct

* H1 net profit 146.2 million euros, down 17.6 pct Source text for Eikon: Further company coverage: ($1 = 0.9610 euros) (Gdynia Newsroom)

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