{"id":3846,"title":"Secure Property Development & Investment Plc releases it’s Interim Results","publisher":"Share Talk","author":"sharetalk","published":"2016-09-22T14:23:25+00:00","modified":"2017-10-21T18:47:36+00:00","canonical_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results/","markdown_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results.md","json_url":"https://www.share-talk.com/secure-property-development-investment-plc-releases-its-interim-results.json","category":"Property & Retail","categories":["Property & Retail"],"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](http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SPDI&ArticleCode=izv328q0&ArticleHeadline=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\n- Strong asset backing behind the Company:\n\n- Net 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\n- Loan to value ratio of 52% as at 30 June 2016 (H1 2015: 53%)\n\n- Enhanced management of portfolio costs:\n\n- 20% reduction in administrative expenses to €1.18 million compared with €1.47 million in H1 2015, and\n\n- 11% reduction in finance costs to €1.23 million (H1 2015: €1.39 million)\n\n![Linking Shareholders and Executives :Share Talk](https://www.share-talk.com/img/logo.jpg)"}