August 22, 2017 / 6:10 AM / a month ago

BRIEF-AFI Development ‍H1 net result turns to profit of $7.9 million

Aug 22 (Reuters) - AFI DEVELOPMENT PLC

* ‍NET PROFIT FOR H1 2017 AMOUNTED TO US$7.9 MILLION, COMPARED TO A LOSS OF US$53.3 MILLION IN H1 2016​

* ‍REVENUE FOR H1 2017 INCREASED BY 18% YEAR-ON-YEAR TO US$106.1 MILLION​

* ‍CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES AS OF 30 JUNE 2017 AMOUNTED TO US$25.5 MILLION (VERSUS. US$29.6 MILLION AT END-Q1 2017)​

* ‍H1 RENTAL AND HOTEL OPERATING INCOME INCREASED BY 41% YEAR-ON-YEAR TO US$56.1 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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