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  5. Summit Germany Profit Doubles, Net Asset Value Growth Strong

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Summit Germany Profit Doubles, Net Asset Value Growth Strong

Tue, 27th Mar 2018 13:35

LONDON (Alliance News) - Property investment firm Summit Germany Ltd said Tuesday both rental income and net asset value increased sharply in 2017, while profit doubled.

Summit Germany's net asset value per share increased to EUR1.23 in 2017 from EUR1.00 the year before. EPRA total net asset value reached EUR466.3 million, up 23% year-on-year.

Rental income was up 5.8% to EUR60.5 million, and funds from operations rose 4.6% to EUR36.5 million. Pretax profit doubled to EUR128.7 million from EUR63.9 million, and earnings before interest, tax, depreciation, and amortisation increased 94% to EUR146.0 million.

The year's full results will be released on April 26.

Shares in the company were up 1.8% on Tuesday at a price of EUR1.14 each.

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26 Feb 2014 11:28

AO Shares Rise In Conditional Dealings, After IPO Price Gives It A GBP1.2 Billion Value

LONDON (Alliance News) - Online domestic appliances retailer AO World PLC Wednesday set the price for its upcoming initial public offering at 285 pence a share, meaning the company will have a GBP1.2 billion market capitalisation when it lists, well above earlier estimates. Valuations for s

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