Altarea Cogedim: FY 2018 earnings up 8%
(CercleFinance.com) - Altarea Cogedim's 2018 revenues, published on Tuesday evening, came in at 2.
406 billion euros (+24%), for a recurrent net income (FFO) that is up 8% at 276.2 million euros, or 17.27 euros per share.
"The group confirms its FFO target of around E 300 million in Group share in 2020, taking into account the impact of IFRS 15 and 16 as well as the rise in the tax burden on the Group. non-SIIC activity FFO 2019 is part of this growth trajectory, and the dividend policy will be maintained in line with that of recent years," Altarea Cogedim said regarding its outlook.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
406 billion euros (+24%), for a recurrent net income (FFO) that is up 8% at 276.2 million euros, or 17.27 euros per share.
"The group confirms its FFO target of around E 300 million in Group share in 2020, taking into account the impact of IFRS 15 and 16 as well as the rise in the tax burden on the Group. non-SIIC activity FFO 2019 is part of this growth trajectory, and the dividend policy will be maintained in line with that of recent years," Altarea Cogedim said regarding its outlook.
Copyright (c) 2019 CercleFinance.com. All rights reserved.