• RECURRING OPERATING RESULT UP BY 9% TO EUR 3,585 K
  • REAL ESTATE IMPACTED BY NON-RECURRING ELEMENTS
  • CARRIGRES RESULT BUOYED BY A REDUCTION IN COSTS
TEXAF's Board of Directors closed the company's consolidated accounts (in accordance with the IFRS standards as adopted in the European Union) on 30 June 2015. These interim accounts have not been audited.
The Board wishes to point out that the company's assets are located in the Democratic Republic of Congo (DRC) and that the specific environment of the country entails certain risks. The accounts were drawn up based on the
assumption of stability in the social-economic and regulatory environment.

HIGHLIGHTS FOR THE FIRST HALF OF 2015
  • The economic slowdown observed over the past year is continuing and is in particular impacting investments in infrastructure. The monetary situation remains highly stable and the Congolese franc has followed the dollar's rise against the euro.
  • Income from real estate activity continued to grow by 7% to EUR 7,133 K compared to the 1st half of 2014 thanks to the new buildings placed on the market and in spite of the partial departure of an international agency. However, the recurring operating result declined by 4% to EUR 2,676 K due to the rise in value of the Congolese franc and dollar, tax increases and recruitment.
  • CARRIGRES turnover was up 6% to EUR 2,674 K, with its recurring operating result up 88% to EUR 909 K compared to the 1st half of 2014, thanks to the impact of the dollar on selling prices and capital expenditure made in 2014.
  • The Group's recurring operating result reached EUR 3,585 K, an increase of 9%. A non-recurring net charge of EUR 381 K impacted the six-month period to such an extent that the operating result fell by 2% to EUR 3,204 K. The net result (Group's share) of EUR 2,848 K in turn rose by 26%. In light of the new shares issued in May 2014, net earnings per share increased by 16% to EUR 0.804.

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