{"id":46280,"title":"Secure Property Development & Investment Plc releases it’s Interim Results","publisher":"Share Talk","author":"sharetalk","published":"2016-09-22T13:19:42+00:00","modified":"2019-01-27T20:48:37+00:00","canonical_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results-2/","markdown_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results-2.md","json_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results-2.json","category":"Podcasts","categories":["Podcasts"],"tags":["SPDI, Secure, Property, Investment, Development"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Lambros G. Anagnostopoulos talks to Share Talk about the recently announced Interim Results. He also discusses the sales made in Ukraine and Romania while given his view on the Emerging European property markets.\n\nFinancial Highlights:\n\n€2.66 million rental income compared with €2.73 million in H1 2015 – demonstrating the portfolio's stable revenue generation capability\n\n€0.62 million EBITDA (H1 2015: €0.84 million) showing, despite a reduction attributable to small price reductions to accelerate residential unit sales, the continuation for a third year of positive EBITDA\n\nStrong asset backing behind the Company:\n\nNet Asset Value of €41.3 million as at 30 June 2016 (31 December 2015: €42.5 million) while NAV per share stands at €0.46 as at 30 June 2016 compared with €0.47 at 31 December 2015\n\nLoan to value ratio of 52% as at 30 June 2016 (H1 2015: 53%)\n\nEnhanced management of portfolio costs:\n\n20% reduction in administrative expenses to €1.18 million compared with €1.47 million in H1 2015, and\n\n11% reduction in finance costs to €1.23 million (H1 2015: €1.39 million)\n\n#SPDI #Secure #Property #Investment #Development"}