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Echo Polska Properties REIT posts EUR 3.14 profit per share in Sept.-Dec. 2016, maintains plans for 2017

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Echo Properties Polska REIT (EPP), minority owned by listed real estate group Echo Investment, posted EUR 3.14 profit per share in the four-month period to end-2016 and is on track to realize plans for 2017.

The result exceeded by 2.2% forecasts formulated before market debut, the statement shows.

 

The results help EPP to build "a leading cash-generating Polish property group that delivers sustainable dividend growth," CEO Hadley Dean said as quoted in the statement.

 

“Asset management initiatives and the accretive benefits of all post-listing acquisitions ensure that EPP remains on track to achieve our forecast distributions for the full year to December 2017," Dean also said.

 

EPP holds a property portfolio worth EUR 1.4 bln, up by 17% in the last six months, the company also said.

 

EPP is dual-listed in Johannesburg and in Luxembourg.

2017-03-10



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WSE Indices


NameValueChangeTime
WIG20 2308,16 -
WIG 60982,19 -0,01 % 17:15
sWIG80 15982,99 -0,04 % 17:15
NCIndex 322,34 -0,18 % 17:15
2017-06-23

WSE Companies


Top 5 Gainers

NameValueChange
CALATRAVA CAPITAL0,69+40,82 %
ECHO INVESTMENT6,15+13,26 %
REINHOLD0,26+13,04 %
IQ PARTNERS0,36+12,50 %
FINANCIAL ASSETS MANAGEMENT GR0,29+11,54 %

Top 5 Losers

NameValueChange
B.A.C.D.0,07-22,22 %
REDWOOD HOLDING0,80-14,89 %
KOMPAP7,44-11,32 %
SCO-PAK SPOLKA AKCYJNA0,71-10,13 %
HYPERION2,17-10,33 %