Sponda Plc's Interim Report January-September 2006
Sponda’s net profit improved from previous year Sponda Group’s total revenue in January-September totalled EUR 79.8 million (30 September 2005: 77.5) and net operating income EUR 60.9 million (58.7). The company’s operating profit rose to EUR 73.1 (42.0) million and earnings per share to EUR 0.48 (0.21). After the reporting period, on 20 October 2006, Sponda signed an agreement with the Finnish government under which Sponda will acquire the entire share capital of Kapiteeli Plc for approximately EUR 950 million. Highlights of January–September result (compared with same period in 2005) - Total revenue was EUR 79.8 million (77.5).
- Net operating income totalled EUR 60.9 million (58.7).
- Operating profit rose to EUR 73.1 million (42.0) mainly because of an increase in the values of the company’s investment properties.
- Net profit in January-September was EUR 37.7 million (16.5).
- Earnings per share (EPS) was EUR 0.48 (0.21).
- Cash flow from operations per share was EUR 0.40 (0.43).
- The fair value of the investment properties at the end of the period was EUR 1,372.5 million (1,246.4).
- Net assets per share totalled EUR 7.28 (7.04).
- Investments in new properties and in improvements to the existing portfolio during the period amounted to EUR 94.9 million.
Highlights of the third-quarter result (compared with third quarter in 2005) - Total revenue was EUR 26.5 million (25.6).
- Net operating income was EUR 20.3 million (19.9).
- Operating profit increased by EUR 13.9 million to EUR 26.8 million (12.9).
- Net profit in July-September period was EUR 14.1 million (4.3).
- Earnings per share were EUR 0.18 (0.05).
- Cash flow from operations per share was EUR 0.12 (0.15).
- Investments in new properties and in improvements to the existing portfolio during the period amounted to EUR 25.1 million.
Q3/2006.Eng.pdf
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