AFFIPARIS : - 3Q09 - Sustained growth in Turnover
11/17/2009| 02:25am US/Eastern
PR Newswire/Les Echos/
Paris, 16 November 2009, 5:45 p.m.
Quarterly information as at 30 September 2009
SUSTAINED GROWTH IN TURNOVER
1) CONSOLIDATED REVENUE (NINE MONTHS)
BREAKDOWN 01/01/2009 01/01/2008 Change
(EUR millions) to to %
Investment properties 12.3 11.4 +7.1%
Total consolidated revenue 12.3 11.4 +7.1%
The revenue achieved by AffiParis in the first nine months of 2009 stood at
EUR12.3m, up by over 7% compared to the same period in 2008, during which only a
partial contribution had been recorded for certain recently-acquired buildings.
During the third quarter:
· 3 new leases were signed representing total annual rent of EUR447,000,
including the building located in Rue Chapon, Paris (France), relet since
· 1 tenant terminated its lease representing total annual rent of EUR50,000.
2) SIGNIFICANT EVENTS
In July AffiParis sold a 2,600 m2 office building in Toulouse for EUR2.5m
excluding tax, in line with its fair value at the end of 2008, representing a
capital gain of EUR940,000 compared to the net book value.
3) FINANCIAL POSITION AS AT 30 SEPTEMBER 2009
There were no significant changes to the company's financial structure compared
to 30 June 2009.
The group will not make any new investments in Paris in 2009, but continues to
sell provincial buildings. Some of these sales may be completed at the end of
2009 or beginning of 2010.
9 March 2010: 2009 annual revenues and results
CONSOLIDATED REVENUE (THREE MONTHS)
BREAKDOWN 01/07/2009 01/07/2008 Change
(EUR millions) to to %
Investment properties 4.4 3.9 +14.1%
Total consolidated revenue 4.4 3.9 +14.1%
CITIGATE DEWE ROGERSON: Nicolas Castex - Agnès Villeret
Tel. + 33 (0)1 53 32 78 88/95 - firstname.lastname@example.org or
AFFINE: Alain Chaussard
Tel. + 33 (0)1 44 90 43 10 - email@example.com
Frank Lutz - Manager, Financial Communication & Investor Relations
Tel. + 33 (0)1 44 90 43 53 - firstname.lastname@example.org
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