Sponda’s result for 2005 distinctly better than in the previous year Sponda’s result in 2005 was a clear improvement on the previous year in terms of both leasing operations and the value of its property portfolio. The year was again a challenging one for office premises, where the economic occupancy rate remained at the same level in 2004.
Highlights (comparison year January-December 2004):
- Sponda’s total revenue increased to EUR 103.1 (99.2) million.
- Cash flow per share from operations EUR 0.57 (0.53).
- Operating profit rose to EUR 65.5 (17.0) million due to the result of leasing operations and an increase in the value of the property portfolio.
- Net profit for the year improved to EUR 29.6 (3.2) million.
- Earnings per share were EUR 0.37 (0.04).
- The market value of Sponda’s properties was EUR 1,259.7 (1,221.5) million; net assets per share were EUR 7.25 (7.44).
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