Qrf Comm. VA Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017
Qrf Comm. VA reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported rental income of EUR 7,298,000 against EUR 6,520,000 a year ago. Net rental income was EUR 7,205,000 against EUR 6,514,000 a year ago. This is attributable mainly to the acquisition of additional properties since 30 June 2016. Property result was EUR 7,166,000 against EUR 6,559,000 a year ago. Operating property result was EUR 6,539,000 against EUR 6,122,000 a year ago. Operating result before result on the portfolio was EUR 5,473,000 against EUR 5,055,000 a year ago. Operating result was EUR 3,995,000 against EUR 5,323,000 a year ago. Negative financial result was EUR 1,299,000 against EUR 1,292,000 a year ago. Pre-tax result was EUR 2,696,000 against EUR 4,031,000 a year ago. Net result was EUR 2,491,000 against EUR 3,888,000 a year ago. Net result attributable to the group shareholders was EUR 2,497,000 against EUR 3,892,000 a year ago. Diluted net result per group share was EUR 0.49 against EUR 0.87 a year ago. Cash flow from business activities was EUR 1,449,000 against EUR 2,592,000 a year ago. Acquisitions of intangible and other tangible non-current assets was EUR 22,000 against EUR 5,000 a year ago.